Every major investor group increased their holdings of commercial and multifamily mortgages in the third quarter, according to the Mortgage Bankers Association.
The level of commercial/multifamily mortgage debt outstanding increased by $64.8 billion (1.6%) in the quarter as multifamily mortgage debt alone increased $26.6 billion (1.5%) to $1.8 trillion.
The strength is likely to continue, predicts Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Many property types have healed considerably since the shutdowns at the onset of the COVID-19 pandemic in early 2020…. "Strong interest from both borrowers and lenders is likely to continue to drive increases in commercial and multifamily mortgage debt in 2022," he said in prepared remarks.
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