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MBA: All CRE Lending Sources Increased Holdings in Q3
The level of commercial/multifamily mortgage debt outstanding increased by $64.8 billion, or 1.6%, in the third quarter of 2021, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Commercial banks, which hold the largest share of outstanding CRE debt, also saw the largest gains in dollar terms during Q3.
Total commercial/multifamily debt outstanding rose to $4.05 trillion at quarter’s end. Multifamily mortgage debt alone increased $26.6 billion (1.5%) to $1.8 trillion from Q2.
“Every major investor group increased their holdings of commercial and multifamily mortgages during the third quarter, as many property types have healed considerably since the shutdowns at the onset of the COVID-19 pandemic in early 2020,” said Jamie Woodwell, MBA’s VP of commercial real estate research.
He continued, “Strong interest from both borrowers and lenders is likely to continue to drive increases in commercial and multifamily mortgage debt in 2022.”
- ◦Financing
