August 4, 2025

CMBS lending volumes will be strong during the second half of the year — with a lot of demand also driven by SASB deals. Citi notes that the slowdown in post liberation has led to a lot of pent-up demand, which should lead to an active second half of the year. The lender foresees $130B in total originations for 2025. Wells Fargo, Deutsche Bank and Greystone all predict $120B total in the overall market for 2025, while Argentic expects $100B total. More