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| Jamie Woodwell |
WASHINGTON, D.C.
(September 22, 2015)- The level of commercial/multifamily mortgage debt
outstanding increased by $38.5 billion in the second quarter of 2015, as three
of the four major investor groups increased their holdings. That is a 1.4 percent increase over the first
quarter of 2015.
Total
commercial/multifamily debt outstanding stood at $2.72 trillion at the end of
the second quarter. Multifamily mortgage
debt outstanding rose to $1.0 trillion, an increase of $23.6 billion, or 2.4
percent, from the first quarter.
“Rising property values
are supporting increased levels of commercial and multifamily mortgage debt,”
said Jamie Woodwell, MBA’s Vice
President for Commercial Real Estate Research.
“The total amount of commercial
and multifamily mortgage debt outstanding continues to grow at a strong pace,
particularly on the multifamily side. For the first time ever, multifamily
mortgage debt outstanding now exceeds $1 trillion and is growing at almost 10
percent per year."
The four major investor
groups are: bank and thrift; commercial mortgage backed securities (CMBS),
collateralized debt obligation (CDO) and other asset backed securities (ABS)
issues; federal agency and government sponsored enterprise (GSE) portfolios and
mortgage backed securities (MBS); and life insurance companies.
For a complete copy of the company’s news release,
please contact:
Ali Ahmad
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