Trepp: Multifamily mortgage debt increases by 7%

Pension funds saw the largest increase in apartment mortgages on their books in the second quarter, followed by banks and thrifts.

The total amount of outstanding multifamily mortgage debt increased 7.1%, or $141.6 billion, to more than $2.1 trillion in the second quarter of 2023, according to a Trepp analysis of the Federal Reserve’s flow of funds

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