Commercial, Multifamily Mortgage Debt Reaches All-Time High

  • Written by Francis Monfort of Mortgage Professional America

economyTotal commercial and multifamily debt outstanding reached an all-time high in the third quarter after rising by $45.4 billion (1.4%), according to the Mortgage Bankers Association (MBA).

Debt outstanding increased to $3.32 trillion in the third quarter, surpassing the previous high of $3.27 trillion in the second quarter. Over the same period, multifamily mortgage debt increased $26.1 billion (2%) to $1.3 trillion.

"Favorable commercial real estate fundamentals and strong lender demand pulled commercial and multifamily mortgage debt outstanding to a new high," said Jamie Woodwell, MBA's vice president of commercial real estate research.

Click here for rest of article...