The level of outstanding commercial and multifamily mortgage debt increased by $25.2 billion during the third quarter, the largest increase since 2008, according to the Mortgage Bankers Association.
The total outstanding commercial and multifamily debt stood at $2.47 trillion in the third quarter. Multifamily mortgage debt alone increased to $887 billion, an increase of $10.8 billion from the second quarter, the MBA reports. - See more at: http://www.worldpropertychannel.com/north-america-commercial-news/commercialmultifamily-mortgage-debt-third-quarter-2013-mortgage-bankers-association-7770.php#sthash.U2rrrIRx.dpuf
Read more...U.S. Commercial, Multifamily Debt Rises Most Since 2008 - WORLD PROPERTY CHANNEL Global News Center