Commercial & Multifamily

Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16 percent increase from the $429 billion in 2023, and a 39 percent decrease from $816 billion in 2022. This is according to the Mortgage Bankers Association’s (MBA) 2024 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.

The level of commercial and multifamily mortgage debt outstanding at the end of 2024 was $172 billion (3.7 percent) higher than at the end of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

Commercial and multifamily mortgage loan originations were 84 percent higher in the fourth quarter of 2024 compared to a year earlier, and increased 30 percent from the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.

Commercial and multifamily mortgage loan originations increased 59 percent in the third quarter of 2024 compared to a year ago, and increased 44 percent from the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

CV3 Financial Services introduced Ground Up Construction financing, adding to its growing lineup of real estate investment financing solutions. This new offering is specifically designed to meet the needs of real estate investors focusing on non-owner occupied properties, providing comprehensive financial support from foundation to finish for 1–4-unit residential construction projects.

Commercial mortgage delinquencies increased in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.

Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a 26 percent increase from 2023’s total of $429 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).

In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.

ATTOM released an updated monthly report on U.S. Commercial Foreclosures. The report reveals a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020, to the current figure of 647 in June 2024. This represents the continuation of a steady increase throughout the period.