Only 11 percent of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors will mature in 2011, according to Mortgage Bankers Association’s (MBA) 2010 commercial real estate/multifamily survey of loan maturity volumes.
The survey also found that just 9 percent of those mortgages will mature in 2012.
"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, MBA 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."
