| 2004 | 2003 | 2002 | |
| ABS (Public and 144A) | 243,529 | 186,906 | 144,286 |
| ABS (Public and 144A excluding CDOs) | 216,000 | 175,838 | 130,029 |
| ABS (Public Only) | 192,954 | 152,659 | 117,339 |
| ABS (144A Only) | 50,575 | 34,248 | 26,948 |
| Non-Agency MBS | 87,237 | 107,779 | 69,135 |
| Agency MBS | 129,490 | 272,606 | 168,684 |
| CMBS | 27,245 | 21,559 | 16,364 |
| 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.
