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Outstanding Commercial Mortgage Debt Hit Record in Q4 2021

Commercial and multifamily debt outstanding totaled $287 billion in the last three months of 2021, up 7.4% from the end of 2020. That’s according to a report from the Mortgage Bankers Association.

MBA“The last three months of the year marked the largest quarterly increase in mortgage debt outstanding on record, as every major capital source increased their holdings,” says Jamie Woodwell, MBA’s vice president of commercial real estate research.

Multifamily mortgage debt was $1.81 trillion in the fourth quarter of 2021, up 2.4%.

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