The Mortgage Bankers Association (MBA) is forecasting a major rebound in commercial and multifamily lending next year, signaling renewed momentum across the CRE sector. A Comeback Year: Total commercial and multifamily loan originations are expected to climb 24% year-over-year in 2025, reaching roughly $827 billion. Within that total, multifamily lending is projected to rise 16%…

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Lending momentum accelerated sharply in Q3, climbing to its strongest level since 2018, according to CBRE’s latest Lending Momentum Index. The index jumped 112% year-over-year to 1.04, driven by a 36% increase in permanent financing volume and robust September activity—clear signs that the debt markets are gaining traction again. Improved loan terms, narrower bid-ask spreads,…

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As borrowing costs stay elevated, investors are gravitating toward smaller, older apartment buildings—and favorable agency financing appears to be a major factor. Two markets, two directions: While office sales in 2025 largely reflect the age of their existing supply (mostly 1980s-era buildings), the multifamily story looks very different. Many of this year’s apartment trades involve…

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Banks across the U.S. are racing to restructure struggling commercial real estate (CRE) loans as higher interest rates and declining property values tighten the pressure on borrowers and lenders. Modification momentum: According to data from the St. Louis Fed, the total value of modified CRE loans jumped 66% year-over-year through June 2025. These adjustments—ranging from…

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A new study from Hines is turning the old cycle playbook on its head. The long-standing belief—buy when prices are depressed and build only once fundamentals are solid—isn’t necessarily where the best returns are found. Instead, Hines’ data shows that development may actually deliver stronger performance when it begins earlier in the cycle. Breaking with…

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Movements in bond yields are now the dominant force behind commercial real estate pricing—often outweighing the influence of GDP growth or inflation, especially in markets with tight cap rates. Bond yields as the main driver: Oxford Economics research shows that changes in yields exert a much stronger pull on valuations than traditional macro factors. For…

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After several quarters of aggressive tightening, banks eased up slightly in Q2 2025—but businesses and households showed little interest in taking on new debt. By the numbers: The Fed’s latest Senior Loan Officer Opinion Survey (SLOOS) shows about 10% of banks raised standards on commercial and industrial (C&I) loans, a step down from the 19%…

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When most people hear about a government shutdown, they think of closed national parks or delayed federal paychecks. But one area that’s often overlooked — and deeply affected — is SBA lending. For Westchester County small business owners relying on SBA 504 loans or other types of government-backed financing, a shutdown can bring the lending process to a standstill. What Happens…

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Client Challenge: Securing Prime Commercial Property in the Hamptons A discerning business owner in Southampton, NY, faced a classic challenge in one of New York’s most competitive real estate markets: acquiring a prime commercial property without depleting essential capital. To compete effectively in the Hamptons, the client required a strategic, long-term ownership solution. Their specific…

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CBRE’s midyear broker survey—drawing from over 200 industry professionals—suggests that cap rates may have reached their ceiling in early 2025, despite the turbulence in Treasury yields. Market metrics: The 10-year Treasury yield swung widely this year, starting at 4.79% in January, dipping to 4.01% by April, and ending midyear at 4.24%. Even with that volatility,…

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