Multifamily debt is rolling along faster than overall CRE debt according to the Mortgage Bankers Association’s report on commercial and multifamily mortgage outstanding debt for Q4 2024.
But the split of growth among different lender types was anything but even. Depending on whether the count is by dollars or percentage, either life insurance companies or the combination of GSEs and mortgage-backed securities were on top. Private pension funds had the biggest drop.
Overall, commercial and multifamily mortgage debt was 3.7% higher at the end of 2024 than in 2023. On a quarter-over-quarter measure, total mortgage debt outstanding was up 1.1% to $4.79 trillion in Q4. Multifamily mortgage debt rose by 1.8%, or $38.9 billion, to $2.16 trillion and by $111 billion, or 5.4%, for the year. That would leave $2.63 trillion for commercial.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
