 |
| Jamie Woodwell |
WASHINGTON D.C. (June 14,
2016) - The level of commercial/multifamily mortgage debt outstanding increased
by $35.3 billion in the first quarter of 2016, as three of the four major
investor groups increased their holdings.
That is a 1.2 percent increase over the fourth quarter of 2015.
Total
commercial/multifamily debt outstanding rose to $2.86 trillion at the end of
the first quarter. Multifamily mortgage
debt outstanding rose to $1.07 trillion, an increase of $18.2 billion, or 1.7
percent, from the fourth quarter of 2015.
“The amount of commercial
and multifamily mortgage debt outstanding continues to grow at a strong clip,”
said Jamie Woodwell, MBA’s Vice
President of Commercial Real Estate Research.
“Bank holdings and multifamily loans backed by
Fannie Mae and Freddie Mac drove growth during the quarter. However, the balance
of loans held in commercial mortgage-backed securities continues to decline and
has now fallen by one third since it peaked in 2007, as more CMBS loans are
paid-off and paid down than are originated.”
For a complete copy of the company’s news release,
please contact:
Ali Ahmad
(202) 557-2727
No comments:
Post a Comment