The U.S. multifamily real estate market experienced dramatic shifts during the pandemic, with prolonged disruptions and atypical trends. Now, signs of stability are emerging, suggesting this sector may be regaining its footing. 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
A recent CBRE survey — based on 3,600 capitalization rate estimates from over 200 real estate professionals across 50 markets — indicates a trend toward stabilization in cap rates across most commercial real estate sectors, despite ongoing economic uncertainty and subdued expectations for sales volume in the first half of 2025. The economic backdrop shifted briefly 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
We asked leaders in the multifamily industry to share their predictions for new development next year. Here is what they had to say. 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
Lending in the industrial space will remain healthy with all lender types vying for deals. Lenders will continue to aggressively pursue industrial despite the headwinds that some markets are experiencing, but spreads and leverage are bifurcated depending on asset quality. By 2026, look for normalized pricing on best-in-class product, with wider gaps for secondary or commodity space. More
Retailers are seeing strong mid-year performance, with steady or increased sales and foot traffic driving optimism. According to a survey by Levin Management Corp., 75% of retailers reported they met or exceeded 2024 sales figures. Despite this, retail sales slowed in June, which could suggest consumer caution amid economic uncertainty. More
Borrowers in the senior housing sector will see more lending options going forward, especially as banks return to the space. Although, sustained high interest rates are still pushing many banks to underwrite conservatively. The sector will continue to expand as operations such as rents, occupancy and staffing continue to stabilize. More
We asked the experts what they foresee for the senior housing lending market for the rest of 2025 and into 2026. Here is what they had to say. More
Life company allocations have grown, something that is expected to continue into 2026. LC lending has been steady; however, it could start to slow as they meet allocations for the year, typically around October. Underwriting will remain conservative, although LCs could become more aggressive to win multifamily loans from the agencies. Keep an eye out for them to consider riskier deals as a way to grab yield. More
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