Multifamily Debt Reaches $1T in Q2


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The increases in debt are being supported by rising property values, says MBA’s Jamie Woodwell.

WASHINGTON, DC—Outstanding commercial/multifamily mortgage debt rose by 1.4% during the second quarter, with multifamily debt hitting $1 trillion, the Mortgage Bankers Association said Tuesday. The quarterly rise of 2.4% for mortgage debt in the apartment sector was nearly twice as fast as the overall increase.

“Rising property values are supporting increased levels of commercial and multifamily mortgage debt,” says Jamie Woodwell, VP for commercial real estate research at MBA. “The total amount of commercial and multifamily mortgage debt outstanding continues to grow at a strong pace, particularly on the multifamily side. For the first time ever, multifamily mortgage debt outstanding now exceeds $1 trillion and is growing at almost 10% per year.”…

Multifamily Debt Reaches $1T in Q2

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