Multifamily loans top $2 trillion for the first time

The national volume of multifamily loans outstanding increased to more than $2 trillion in Q3 2022, the first time that’s ever happened, according to data and analytics firm Trepp. 

“That volume was up $170.8 billion, or 9.3% from last year. However, that increase wasn’t driven solely by the government-sponsored enterprises Fannie Mae and Freddie Mac; their volume had increased by $106.1 billion.

The rest of the increase largely was the result of a 17.6% rise in the inventory of multifamily loans on the books of banks and thrifts, to $657.1 billion; the 19.2% increase in securitization vehicles’ inventory, to $83.3 billion; and the 8.1% increase in the volume held by life insurance companies, to $189.3 billion.”

Read more at Trepp.com