The level of outstanding commercial/multifamily mortgage debt decreased by $10.4 billion, or 0.4%, in the second quarter of 2012, as the balance of loans in CMBS, CDO and other ABS issues continued to decline, reported the Mortgage Bankers Association (MBA).
The $2.37 trillion in outstanding commercial/multifamily mortgage debt was $10.4 billion lower than the first quarter 2012 figure. Multifamily mortgage debt outstanding rose to $826 billion, an increase of $5.4 billion or 0.7% from the first quarter of 2012.
Read more...CRE Continues To Deleverage as Debt Levels Fall Back - CoStar Group
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