Nonbank commercial and multifamily mortgage maturities will rise by 72%, to $158 billion next year, according to a Mortgage Bankers Association forecast released Thursday.
The projection is a measure of the unpaid principal balance of commercial and multifamily mortgages set to mature in a given year.
In 2014, nonbank CRE and multifamily maturities are projected to be down 23% year-over-year to 92% billion. Balances maturing in a given year are affected by payoffs, paydowns, amortization and other factors, the MBA said.
Mortgage banker CRE and multifamily originations will increase to $407 billion next year and $433 billion in 2016, the MBA projects.
The association's forecast also has CRE and multifamily mortgage debt outstanding increasing to $2.642 trillion in 2015 and $2.689 trillion in 2016.
