The Mortgage Bankers Association (MBA) announced that the level of commercial and multifamily mortgage debt jumped by $99.5 billion, or 2.3%, between the first and second quarters of 2022. That was the largest quarterly jump since the MBA began tracking the data in 2007.
"The increase in holdings by depositories was the largest on record," the release quoted Jamie Woodwell, MBA's vice president of commercial real estate research, as saying. "The data match the fact that the first half of 2022 saw more commercial and multifamily borrowing and lending than any previous January through June period."
Woodwell added that given changes "in space, equity, and debt markets" since January, the organization expects the "pace to slow considerably in coming quarters."
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