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Commercial and multifamily mortgage loan originations set a new record in 2021, the Mortgage Bankers Association reported

CRE Mortgage Debt Outstanding Reaches New Peak 

With commercial banks leading the way, the level of commercial/multifamily mortgage debt outstanding rose to $4.25 trillion in the first quarter, a new record, the Mortgage Bankers Association (MBA) said Thursday. Multifamily mortgage debt alone increased $37.4 billion (2.1%) to $1.8 trillion from Q4 2021. 

“Driven by record-high originations for a first quarter, the amount of commercial and multifamily mortgage debt outstanding climbed to a new high at the end of March 2022,” said Jamie Woodwell, MBA’s VP of commercial real estate research. “Depositories and life insurance companies were behind the majority of the growth, and multifamily mortgage debt continued to rise at a solid level.”  

He added, “The recent run-up in interest rates and drop in broader equity values will without a doubt affect commercial and multifamily markets in the coming quarters, but the relatively strong market fundamentals for most property classes should serve as a stabilizing force.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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