PProvenance CapitalNYC

Market intelligence

Manhattan commercial mortgage market

A running picture of Manhattan commercial real estate debt, built from public records. We track $1M+ commercial mortgages recorded 5–10 years ago — the balloon-maturity pipeline — plus new commercial construction.

Commercial debt maturing

$30.8B

Manhattan · $1M+ mortgages

Commercial mortgages tracked

2,060

$1M+, business-purpose

Avg. loan size

$15M

across tracked loans

New-construction permits

674

commercial A1 / new building

A large wave of Manhattan commercial real estate debt originated 5–10 years ago is now reaching maturity. Owners of these properties will need to refinance or sell. Below is where that maturing debt sits, by property type — followed by new-construction activity that signals fresh financing demand. Every figure is an aggregate from public records; no individual owner or property is identified.

By property type

Tracked maturing commercial mortgages in Manhattan by property category.

Commercial$17.6B

954 loans

Multifamily$6.0B

910 loans

Office$5.7B

85 loans

Mixed use$229M

55 loans

Land$739M

50 loans

Industrial$583M

4 loans

Retail$3M

2 loans

The maturity pipeline

When the tracked mortgages were originated. Commercial mortgages commonly carry 5–10 year balloon terms, so these vintages are maturing now and over the next several years.

$4.3B2019176
$16.0B20201,128
$10.5B2021756

New commercial construction

Commercial major-alteration and new-building permits on file — a leading signal of construction and bridge financing demand.

Manhattan674

For investors & owners

Need the record for one building?

This page is the citywide picture. A Property Intelligence Report is the assembled record for a single property — its recorded financing history, ownership transfers, construction activity, and which loans are maturing now — compiled from NYC public records and delivered as a print-ready PDF.

Property reports →

Market Intelligence Pro

Get your lane, not just the overview

This page is the free, aggregate view. Capital partners get Market Intelligence Pro — the maturing-loan and permit pipeline filtered to their exact territory (borough, loan program, and deal-size band), with monthly refreshes, maturity-timing alerts, and exportable summaries.

About this data

Figures are aggregated from New York City public records — the Department of Finance ACRIS property-records database and Department of Buildings permit data, accessed via the NYC Open Data API. We track mortgages and deeds of $1 million or more. “Maturing” reflects mortgages recorded 5–10 years ago, the typical window for a commercial balloon to come due; it is an indicator, not a confirmed maturity date. All numbers here are aggregate totals — no individual owner, borrower, or property is identified. These figures are illustrative market context, not an offer, quote, or advice.

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