The commercial real estate (CRE) market witnessed a resurgence in liquidity throughout 2024 as lenders reopened funding channels. However, challenges tied to refinancing remain significant, according to Trepp’s year-end report. Key Insights: Private-label CMBS issuance surged by an impressive 165% in 2024, jumping from $39.3 billion in 2023 to $104.05 billion. This marks the largest…