According to the latest quarterly report from the Mortgage Bankers Association (MBA), commercial and multifamily mortgage debt outstanding increased by $31.4 billion, or 0.7%, in the second quarter of 2024, reaching a total of $4.69 trillion. The MBA also reported that multifamily mortgage debt alone grew by $19.4 billion (0.9%) to reach $2.09 trillion in Q1.
Jamie Woodwell, head of commercial real estate research at MBA, stated that there was modest growth in commercial mortgage debt outstanding during this period: “All major capital sources saw an increase in their holdings of mortgages backed by income-producing properties; however, the growth was varied with life insurance companies increasing their holdings by 1
