According to the Mortgage Bankers Association’s latest U.S. Commercial / Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022.
MBA’s report found that total mortgage debt outstanding rose by 0.9 percent ($41.8 billion) to $4.69 trillion in fourth-quarter 2023. Multifamily mortgage debt grew by $25.0 billion (1.2 percent) to $2.09 trillion during the fourth quarter, and by $88.5 billion (4.4 percent) for the entire year.
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