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Commercial Mortgage Debt Rises by Nearly $100B in Q2
Commercial/multifamily mortgage debt outstanding increased by $99.5 billion, or 2.3%, in the second quarter of 2022, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily mortgage debt outstanding stood at $4.38 trillion as Q2 ended.
“The $99.5-billion increase in commercial and multifamily mortgage debt outstanding in the second quarter was the second largest quarterly rise since the inception of MBA’s data series in 2007,” said Jamie Woodwell, MBA’s VP of commercial real estate research. “The increase in holdings by depositories was the largest on record. The data match the fact that the first half of 2022 saw more commercial and multifamily borrowing and lending than any previous January through June period.”
He added, though, “Given a variety of changes in space, equity and debt markets since the start of the year, we expect the pace to slow considerably in coming quarters.”
- ◦Financing
