Multifamily Investment Flows Remain Strong

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WASHINGTON, DC-Commercial/multifamily mortgage debt outstanding surpassed $2.7 trillion in Q1, a 2.9% over the past three months, according to the Mortgage Bankers Association analysis of Federal Reserve Board Flow of Funds data. Multifamily mortgage debt outstanding stood at $690 billion at the end of the first quarter–an increase of $15 billion or 2.3% from the fourth quarter.

Jamie Woodwell, MBA senior director of Commercial/Multifamily Research, tells GlobeSt.com that the market is likely to continue to grow. “We are starting to see a pick-up in building and when that kicks in we will see a rise in development financing as well.”