(To read more on the multifamily market, click here.)

WASHINGTON, DC-Commercial/multifamily mortgage debt rose by 2.9% in the third quarter, according to the Mortgage Bankers Association. The level of commercial and multifamily mortgage debt now stands at $2.85 trillion, according to MBA, which analyzes the Federal Reserve Board Flow of Funds data to derive its own numbers.

“Nearly every investor group increased their stake in commercial/multifamily mortgages in the third quarter,” says Jamie Woodwell, MBA’s senior director of commercial/multifamily research, in a statement. “As investors assess different investment options for their capital, commercial/multifamily mortgages continue to attract a great deal of interest.”

Commercial banks still are the largest investor group in commercial/multifamily mortgages, representing 44%, or $1.2 trillion, of the total. The next largest investor group is the CMBS, CDO and other ABS pools asset class, with $583 billion, or 21% of the total. Life insurance companies hold $279 billion, or 10% of the total; and savings institutions hold $212 billion, or 8% of the total. Government Sponsored Enterprises hold 8% of the total: $137 billion that support their own mortgage-backed securities and an additional $79 billion whole loans in their own portfolios.

However, GSEs and Ginnie Mae are the largest investor of just multifamily mortgage holdings at 30% of the total share–$137 billion in federally related mortgage pools and $79 billion in their own portfolios.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 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.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.