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Commercial Mortgage

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Commercial/Multifamily Mortgage Debt Grows in Q4: MBA 

Mar 24, 2009By

Bucking other evidence of a pending bust in commercial real estate, the Mortgage Bankers Association said Monday that the level of commercial/multifamily mortgage debt outstanding grew by 0.7 percent in the fourth quarter of 2008, to $3.5 trillion. Based on an analysis of the Federal Reserve Board Flow of Funds data, the group said the total was an increase of $166 billion, or 5 percent from the end of 2007.