It’s important to note that CMBS loans make up only about 3% of the total $2 trillion in multifamily debt, but we’re offered significantly more transparency to what is happening within this piece of the pie:

Source: Trepp
It’s important to note that CMBS loans make up only about 3% of the total $2 trillion in multifamily debt, but we’re offered significantly more transparency to what is happening within this piece of the pie:

Source: Trepp