The condo and townhome lending market will remain selective but increasingly opportunistic going forward. Strong sponsors and clean projects will get done, especially with some new lenders entering the game. Lenders who retreated during the rate volatility of 2022 to 2024 are beginning to re-engage, particularly for well-located projects with experienced sponsors that bring additional liquidity to the market. More
Fairstead, a national CRE firm specializing in affordable housing, is using public-private partnerships, emerging technologies and a multidisciplinary team to expand opportunity and improve residents’ lives. The New York-based company, which also has regional hubs in Colorado, Florida and Washington, D.C., owns more than 27,000 apartments across 28 states. Investing in Homes and Futures “At More
Watch for a robust bridge lending market this year, as many lenders increase their 2026 origination volumes. Borrowers will see plenty of available bridge capital going forward, especially in the lease-up space for newly built assets. Capital and sponsors alike seem to think transaction velocity — particularly acquisitions — may see a resurgence in 2026, especially during the second half of the year. This may open the floodgates to increased bridge lending activity for deals that are transitional. More
We asked Brandon Cooke, SVP of Rosewood Property Company — a national self‑storage owner with 85 facilities totaling 6 million s.f. across 23 states — to share his predictions for the self-storage market in 2026. Here is what he had to say. More
The appetite for mezz loans will increase this year and anticipate large private credit platforms, insurance company affiliates and established real estate debt funds to be active. These groups are well capitalized and focused on institutional transactions where structure and intercreditor protections are clearly defined. Look for many bridge lenders to step into that gap to provide competitive full-stack solutions. More
After three years of rate turbulence, historic construction volume, and cap rate resets, 2026 is shaping up to be a transitional year for U.S. multifamily — the beginning of a slow normalization in which rents, occupancy, lease ups, concessions and expenses finally bottom out and move toward stabilization. The recovery will be gradual and uneven, highly dependent on region and asset class, with best in class properties rising to the top. More
Keep an eye out for an increase in hotel financing this year. There is a huge amount of CMBS loans coming due, which will force everyone who has been kicking the can down the road to look for new capital. CMBS lenders and debt fund/private money lenders will be more active than ever. More
Self storage continues its transformation into a resilient, institutionally accepted asset class within CRE. After the unprecedented demand and transaction volume seen during the pandemic, the sector has entered a period of normalization. More
Anticipate 2026 to be a strong rebound year for multifamily construction lending. Lender appetite will pick up and with SOFR ticking down, more deals should pencil this year. New capital will be coming into the space, along with current lenders adding new construction programs. Spreads will tighten and lenders will be more aggressive to win business. Most of the current supply wave will have been delivered, new starts are already down, and lenders are becoming more comfortable financing projects as rent growth and absorption normalize. More
Retail real estate showed resilience in 2025 despite softening demand and rising store closures. Net absorption fell by 13.1 million s.f. before stabilizing in the third quarter, and leasing volume slowed. Still, vacancy rates held near historic lows thanks to limited new construction and strong demand for prime locations, according to Cushman & Wakefield and Colliers. More
Keep an eye out for more capital coming into the build-to-rent (BTR) and single-family rental (SFR) sector this year. Construction financing for strong BTR development will especially be more available going forward. Also, as more projects continue to lease-up, and with the sales market being slow, many developers will bridge out of their construction loans. More
This is second part of our 2026 predictions from the moderators of our upcoming 2026 Crittenden Report Finance Conference. What are the biggest changes or trends they foresee this year versus the past few years. The conference will be held in Newport Beach, Calif., on May 5-7. Here is what they had to say: More
Miami, Florida
November 7-8, 2023
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