| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 230,575 | 179,615 | 137,880 |
| ABS (Public and 144A excluding CDOs) | 204,013 | 169,080 | 123,988 |
| ABS (Public Only) | 182,085 | 149,083 | 111,994 |
| ABS (144A Only) | 48,490 | 30,532 | 25,886 |
| Non-Agency MBS | 78,496 | 105,908 | 65,544 |
| Agency MBS | 109,950 | 265,118 | 166,908 |
| CMBS | 24,830 | 20,419 | 14,492 |
| 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.
