Commercial real estate debt markets — CMBS issuance, bank lending, debt funds, bridge loans, and financing market intelligence for CRE investors and borrowers.
Q4 Loan Volume
$48.3B
+12% YoY
CMBS Spread
185bps
-5bps
Avg DSCR Req
1.25x
Unchanged
30Y Mortgage
6.75%
-15bps
Data as of Q4 2025 · Sources: CoStar, CBRE Research
Key Lenders
JPMorgan ChaseA+
Lender
Wells FargoA+
Lender
Goldman SachsA+
Lender
Starwood Capital—
Debt Fund
Latest News
CRE Loan Volume Reaches $48.3B in Q4 2025
MBA6h ago
CMBS Issuance Accelerates into 2026
S&P Global10h ago
Regional Bank CRE Exposure Under FDIC Scrutiny
FDIC1d ago
Avg Deal Size
$48.3B
Avg Cap Rate
N/A
YoY Volume
+12%
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