Multifamily and Commercial Mortgages Increase

“The appetite among lenders and investors for commercial and multifamily mortgages grew during the fourth quarter,” said Jamie Woodwell, Mortgage Bankers Association’s (MBA) vice president of commercial real estate research. “The fourth quarter saw the largest increase in commercial and multifamily mortgage debt outstanding since 2008.” HousingWire informs MHProNews outstanding multifamily mortgage debt increased to $846 billion in Q4 2012, marking the largest rise since 2008, an increase of 1.4 percent from Q3 2012, and up 4.4 percent from the same period 2011.

(Image credit: HousingWire)

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