Jamie Woodwell
CREF Forecast: Borrowing and Lending Expected to Increase to $576B in 2024
Commercial and multifamily mortgage borrowing and lending is expected to increase 29 percent from 2023’s estimated total.
20 Percent of Commercial and Multifamily Mortgage Balances Mature in 2024
Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2024.
Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2023
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to Mortgage Bankers Association.
Commercial/Multifamily Borrowing Down 49% in Third-Quarter 2023
Commercial and multifamily mortgage loan originations were 49 percent lower in the third quarter of 2023.
Commercial/Multifamily Borrowing Declines 53 Percent Year-Over-Year in the Second Quarter 2023
Commercial and multifamily mortgage loan originations were 53 percent lower in the second quarter of 2023 compared to a year ago.
MBA Forecast: Higher Rates, Uncertainty to Slow Commercial/Multifamily Lending in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year.