Q2 Sees Modest Growth in CRE Mortgage Debt

Q2 Sees Modest Growth in CRE Mortgage Debt

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

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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