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CRE Debt Volume Rises, Except for CMBS

For the first time since 2015, multifamily originations grew more slowly by dollar volume than debt for other property types, says Jamie Woodwell at the Mortgage Bankers Association.

Image of Jamie Woodwell in video interview “Loans backed by commercial and multifamily properties continue to perform extremely well,” says MBA’s Woodwell.

WASHINGTON, DC—Commercial and multifamily mortgage debt outstanding ticked upward by 1.6% in the second quarter, the Mortgage Bankers Association said Wednesday. Among the four major lending classes, CMBS—a tally also including CDOs and other ABS—was the outlier in experiencing a decline, as it also proved to be in terms of delinquencies during Q2.

For CMBS, the 2.4% quarterly drop represented a continuation of the decline in volume, which stood at $427.5 billion as Q2 ended. MBA cites a greater volume of CMBS loans being paid off or down than were originated.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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