| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 212,795 | 165,581 | 126,380 |
| ABS (Public and 144A excluding CDOs) | 189,798 | 156,963 | 114,447 |
| ABS (Public Only) | 171,255 | 138,252 | 103,771 |
| ABS (144A Only) | 41,540 | 27,328 | 22,610 |
| Non-Agency MBS | 68,265 | 84,704 | 54,887 |
| Agency MBS | 85,798 | 253,885 | 162,083 |
| CMBS | 20,018 | 19,280 | 12,843 |
| Source: Thomson Financial | |||
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
The A1A through A1-LCF tranches are expected to offer coupons of 5.84%, while mezzanine and subordinate coupons include 6.58% and 6.64%.
A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
The decline in non-owner occupied acquisitions came as sales fell overall due to high mortgage rates and bad winter weather in the Northeast, BatchData said.
All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
The investment will be sourced primarily from KKR's infrastructure and asset-based finance strategies.
