Commercial And Multifamily Mortgage Debt Soars To $2.86T
Outstanding commercial and multifamily mortgage debt jumped by $35.3B in Q1, according to the Mortgage Bankers Association.
That’s up 1.2% since Q4 2015, due largely to increased investing among three of the four largest investor groups, World Property Journal reports. Total commercial and multifamily outstanding debt hit $2.86 trillion, and 39% of that debt is held by commercial banks.
As many types of debt climb, one thing is steadily falling—CMBS loans. Since their peak in 2007, CMBS loans have dipped by one-third, and today more CMBS loans are paid off or down than are originated. [WPJ]