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by CareyBot

The level of commercial/multifamily mortgage debt outstanding grew by 2.9 percent in the third quarter, reaching $2.85 trillion, according to the Mortgage Bankers Association analysis of the Federal Reserve Board Flow of Funds data. This increase is $79.9 billion higher than the second quarter. Multifamily mortgage debt outstanding, by itself, grew to $714 billion at the end of the third quarter -- an increase of $10.8 billion, or 1.5 percent, from the second quarter. "Nearly every investor group increased their stake in commercial/multifamily mortgages in the third quarter," said Jamie Woodwell, MBA's senior director of commercial/multifamily research. "As investors assess different investment options for their capital, commercial/multifamily mortgages continue to attract a great deal ...