Outstanding commercial and multifamily mortgage debt climbed 2.2% to $2.83 trillion in Q4 ’15, up $59.7B from Q3. Multifamily made up $1.06 trillion of that, up 3.4% from Q4 and 10.4% from Q4 ’14, according to the Mortgage Bankers Association.
The total amount of outstanding mortgage debt at the end of 2015 was $184.5B (7%) higher than the end of 2014, the World Property Journal reports.
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MBA
Jamie Woodwell (pictured), the MBA’s VP of Commercial Real Estate Research, says commercial and multifamily debt surged in 2015 at its fastest pace since 2007, with the total in government-sponsored enterprises (i.e. Fannie Mae and Freddie Mac) and MBS climbing—while the total in CMBS continued its decline. [WPJ]
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