MBA Research

A chart depicting the level of commercial/multifamily mortgage debt outstanding in the first quarter of 2025

Commercial Mortgage Debt Outstanding Increased in Q1

Despite lower origination volumes, the overall level of commercial mortgage debt rose in the first quarter of 2025.

A chart of loan delinquencies from 2021 through 2025

Commercial and Multifamily Mortgage Delinquency Rates Increased in Q1 2025 

The uptick in CMBS delinquencies signals stress in some market areas, according to MBA research.

A chart of CRE loan originations in 2024

Total Commercial Real Estate Borrowing and Lending Increased in 2024

The total volume grew by 16 percent from the previous year.

A chart of commercial mortgage delinquencies in the first quarter of 2024

Mortgage Delinquency Rates Increased in Q4 2024

MBA estimates that almost $1 trillion’s worth of loans are maturing in 2025.

A chart of commercial and multifamily mortgage borrowing and lending volumes through 2027

Lending Expected to Reach $583B in 2025

The Mortgage Bankers Association forecasts a 16 percent year-over-year increase.

A graph of the commercial and multifamily mortgages set to mature over the next decade

20 Percent of Commercial and Multifamily Mortgages Mature in 2025

An update from the Mortgage Bankers Association. Read the report.

Commercial/multifamily mortgage debt issued in Q3 2024

Commercial and Multifamily Mortgage Debt Outstanding Increases

Check out the latest MBA data on the major sources of capital.