Description of table L.220 - Commercial Mortgages

Commercial mortgages are loans secured by nonfarm nonresidential properties, such as office buildings, retail stores, and industrial facilities, as well as construction and land development loans associated with commercial properties.

The nonfinancial business sectors are the primary borrowers of commercial mortgages. Mortgages on nonresidential properties owned by nonprofit organizations, such as universities, hospitals, and churches, are shown as household sector borrowing. Commercial mortgages that have been securitized and removed from the originator's balance sheet are reported as assets of either the sector for agency- and GSE-backed mortgage pools or the sector for issuers of asset-backed securities.

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