MBA: 17% of Commercial and Multifamily Mortgage Balances to Mature in 2026

Seventeen percent ($875 billion) of $5.0 trillion of outstanding commercial mortgages held by lenders and investors is scheduled to mature in 2026, a 9% decrease from the $957 billion that was scheduled to mature in 2025. This is according to the Mortgage Bankers Association’s (MBA) 2025 Commercial Real Estate Survey of Loan Maturity Volumes released at the 2026 Commercial Multifamily Finance Convention and Expo.

Commercial/Multifamily Borrowing Up in the Fourth Quarter of 2025

Commercial and multifamily mortgage loan originations were 30% higher in the fourth quarter of 2025 compared to a year earlier, and increased 25% from the third quarter of 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations released at the 2026 Commercial/Multifamily Finance Convention and Expo.

MBA: Commercial/Multifamily Borrowing Increased 36% in the Third Quarter of 2025

Commercial and multifamily mortgage loan originations were 36% higher in the third quarter of 2025 compared to a year earlier, and increased 18% from the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Multifamily Lending Increased 17% to $289 Billion in 2024, MBA Finds

In 2024, 2,463 different multifamily lenders originated a total of $288.7 billion in new mortgages for multifamily properties with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.