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by CareyBot

The commercial and multifamily mortgage market faces limited exposure to refinance risks stemming from the current credit crunch, as relatively few commercial/multifamily loans will mature in the next two years, the Mortgage Bankers Association reported today. "There's been a general impression that a large volume of commercial/multifamily mortgages are coming due this year and next," Jamie Woodwell, MBA's senior director of commercial/multifamily research, said in a prepared statement. "The reality is that 2008 and 2009 will see a relatively small volume of maturing mortgages, with the majority of CMBS loans not maturing until 2015 or later." Capturing data from JPMorgan and Wachovia Capital Markets, the report found that there is more than $600 billion of o...