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Construction lending should start to pick back up in the hotel space going forward. There is a ton of liquidity and lenders in the market, therefore, most projects with a strong story will be able to grab financing. Watch for more active lenders in the private credit world, along with banks and life companies dipping their toes back in the game. Also, expect new entrants willing to fund higher leverage deals as part of the capital stack. More

There is a tremendous amount of liquidity within the multifamily bridge lending space. Banks, debt funds, private money lenders and life companies will be active and keep an eye out for greater allocations in 2026. There has been lots of dry powder ready to transact, but not enough deals available. If short-term rates trend downward, there will be an uptick in transactions and bridge lending. More

Count on increased demand for mezz loans, even with long-term rates dropping, as borrowers will need capital beyond what senior lenders are offering. There has been a pickup of new entrants coming to the market, as well as traditional private credit and life company lenders adding mezzanine lending to their offered loan products. More

This list includes some of the top bridge lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. More

Hotel financing volumes will increase, with the majority of transactions weighted toward refis rather than acquisitions. This is primarily due to many owners focusing on restructuring existing debt in the face of tighter capital markets and elevated interest rates. Acquisition financing will remain limited until more properties come to market at valuations that align with buyer expectations. More