SAN DIEGO, CA (Feb. 7, 2011) - Of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors, only 11 percent of the total ($155 billion) will mature in 2011, and 9 percent ($125 billion) in 2012 according to today's release of the Mortgage Bankers Association's (MBA) 2010 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. The survey found that maturities vary considerably by the type of investor holding the loan.
"The long-term nature of commercial real estate means that relatively fewer - not more - commercial and multifamily mortgages have been maturing during the throes of the credit crunch and recession compared to other credit types," said Jamie Woodwell (top right photo), MBA's Vice President of Commercial Real Estate Research.
"For most investor groups, commercial mortgage maturities are relatively spread out, with some increases starting in 2015 as the loans originated in 2005, 2006 and 2007 come due."
MBA's 2010 survey collected information directly from servicers on the maturity years of more than $1.4 trillion in outstanding non-bank commercial/multifamily mortgages.
Only small shares of the commercial and multifamily mortgage debt held by life insurance companies, Fannie Mae, Freddie Mac or FHA, or in fixed-rate commercial mortgage-backed securities (CMBS) will be coming due in 2011 or 2012.
Greater shares of mortgages held in short-term and floating-rate commercial mortgage-backed securities (CMBS) and by credit companies, warehouse facilities and other investors will mature in 2011 and 2012.
To learn more or to purchase a copy of the report, please visit:
Contact: Melissa Key, (301) 509-5537, mkey@mortgagebankers.org
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