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| Jamie Woodwell |
WASHINGTON, DC (October 16, 2014) – According to a Mortgage
Bankers Association (MBA) report released today, the level of commercial/multifamily
mortgage debt outstanding increased by $24.9 billion in the second quarter of
2014, as three of the four major investor groups increased their holdings.
That is a 1.0 percent increase over the
first quarter of 2014.
Total commercial/multifamily debt outstanding stood at $2.56
trillion in the second quarter.
Multifamily mortgage debt outstanding rose to $930 billion, an increase
of $13.0 billion, or 1.4 percent, from the first quarter of 2014.
“The balance of commercial and multifamily mortgage credit
has continued to grow and reached another new high in the second quarter,” said
Jamie Woodwell, MBA’s Vice President of Research and Economics.
“The balance of mortgage debt extended to
multifamily apartment owners grew by 1.4 percent during the quarter and now
stands 26 percent above the level seen at the end of 2007, prior to the
recession.”
For a complete copy of the company’s news release, please
contact:
Shawn Ryan
(202) 557-2727
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