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Trepp's article curates five research pieces on commercial real estate finance topics relevant to mid-2026, highlighting studies on CMBS issuance, CRE CLO market recovery, office delinquency rates, bank CRE risk assessment, and hard maturity refinancing challenges. The article reports that CRE CLO issuance reached $11.2 billion by early March 2026 (up 34% year-over-year), office CMBS delinquencies hit 12.34% in January 2026, and $76.6 billion in CMBS loans faced hard maturity in 2026 with 36% carrying debt yields at or below 8%.

Arbor Realty Trust and Chandan Economics analyze sector stability, loan origination trends, and valuation dynamics in the small multifamily market amid mixed macroeconomic conditions.

Arbor Realty Trust and Chandan Economics analyze lending activity and refinancing trends in the small multifamily sector.
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Trepp analyzed private-label CMBS exposure across metropolitan areas tied to the original thirteen colonies, finding that New York remains dominant while southern colonies like Georgia and North Carolina have become stronger securitization markets due to multifamily and industrial growth, whereas legacy northeastern markets including Philadelphia and Baltimore face elevated office-related stress. The analysis examined three historic properties currently in CMBS deals: Hotel del Coronado performing strongly with a 57% LTV, 55 Wall Street on the watchlist due to cash flow reporting discrepancies despite full occupancy, and Historic Inns of Annapolis in special servicing with 88% LTV and declining occupancy metrics.

Research perspective examining how back-leverage strategies are being utilized to address debt funding constraints in European real estate markets.

AEW research perspective examining the refinancing environment in European real estate markets and whether the acute phase of the refinancing challenge has passed.

Research perspective on European private infrastructure lending strategies and risk-return positioning for institutional investors.

AEW research examines European borrowing cost trends and persistent refinancing obstacles in real estate capital markets.

AEW research economists examine the global debt funding gap across dynamic real estate markets in North America, Europe, and Asia.

AEW research whitepaper examining capital preservation strategies within the evolving private credit landscape for real estate investors across North America.

John Sebree discusses the trends shaping today's multifamily investment market. The post WATCH | What’s Working in Today’s Multifamily Market appeared first on Lument .

The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. Pending home sales crept up 0.4% week over week. We’re taking a break from analysis this week, but please see the tables and charts below for this…

A discussion of how infrastructure debt is entering a new growth phase driven by structural mega-trends and evolving energy needs.

Barings executives discuss portfolio finance strategies for institutional investors seeking risk-adjusted returns and capital flexibility in private debt markets.

Barings' Head of Europe Direct Lending Portfolio Management discusses global private credit investment strategy, portfolio construction, and emerging opportunities.

A Barings viewpoint examining traditional middle market direct lending fundamentals and how private credit strategies differ in their portfolio roles.

Q&A exploring how infrastructure debt enhances insurer portfolios through risk-return attributes, diversification, and long-duration cash flows.

Barings executives discuss mid-market direct lending trends, investor demand, and risk mitigation strategies in private credit markets.

NCREIF and CREFC aggregate performance and composition data for open-end commercial real estate debt funds as of the third quarter of 2025.

NCREIF publishes quarterly performance data and metrics for the Moderate Yield Debt Index tracking commercial real estate debt returns.

NCREIF publishes quarterly performance and composition data for open-end real estate debt funds aggregated across the CREFC peer group.

NCREIF and CREFC aggregate performance data for open-end real estate debt funds as of mid-2025.

NCREIF and CREFC aggregate snapshot data on open-end real estate debt fund performance and positioning for the third quarter.

NCREIF and CREFC publish aggregate performance and composition data for open-end real estate debt funds as of the fourth quarter of 2024.
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The Trepp commercial mortgage-backed securities delinquency rate decreased 20 basis points to 7.35% in June 2026, driven primarily by a large lodging cure. Among property types, lodging posted the largest decrease of 79 basis points to 5.22%, while retail increased 30 basis points to 6.91% and multifamily rose 28 basis points to 7.23%, with the five largest newly delinquent loans totaling $998.9 million of $2.64 billion in total newly delinquent loans.

Invesco's Global Head of Commercial Real Estate Credit discusses diversification strategies, sector strength, and risk mitigation approaches in real estate credit markets.

Analysis of global real estate credit markets examining how to distinguish meaningful market signals from noise in capital deployment decisions.

INREV's snapshot of investor intentions and sentiment across real estate sectors for 2025.
Bank CRE loan originations on balance sheets reached $6.2 billion in Q1 2026, up 23% year-over-year despite geopolitical headwinds including the Iran war, while the overall delinquency rate improved to 1.84% from 1.99% a year earlier. Office markets in Atlanta, Los Angeles, and Washington D.C. continued to show stressed conditions with criticized loan rates above 40%, and Phoenix emerged as the multifamily market leader in criticized loans at 31.8%, though Houston improved as new supply was absorbed.

Luxury U.S. home prices are up 4.7% year over year, compared to a 1.5% increase in non luxury prices, as homebuying demand from affluent people continues to outpace demand from average Americans. High-end buyers are more active partly because they’re less sensitive to high mortgage rates and today’s economic…

In his latest Arbor Realty Trust video, Dr. Sam Chandan, a leading commercial real estate scholar, shares his insights into the findings of our latest Top Markets for Multifamily Investment Report, developed in partnership with Chandan Economics. The noted NYU professor outlines the market-level results of the…

Analysis of how private markets are responding to increased investor scrutiny in the leveraged finance sector.

A comprehensive annual research report by the Mortgage Bankers Association analyzing multifamily lending activity, trends, and market conditions.

Comprehensive quarterly data and analysis on commercial real estate and multifamily market metrics from the Mortgage Bankers Association.

Data tracking annual maturity volumes for commercial and multifamily loans, providing insight into debt refinancing cycles and capital market timing.

Regularly updated survey tracking weekly mortgage application volumes and trends from the Mortgage Bankers Association.

Analysis of small multifamily lending activity and how loan maturities are affecting capitalization rates in the sector.

KBRA research compendium tracking commercial mortgage-backed securities loss data and trends as of June 2024.

KBRA provides an outlook on structured finance market conditions and trends for the year ahead.

KBRA's analysis of resilient foundations and growth trajectory for European structured finance markets.

KBRA presents a slide deck outlining perspectives on structured finance market conditions, trends, and outlook for 2025.

KBRA's outlook on European structured finance sector conditions and risk factors for the coming period.

KBRA assessment of European structured finance sector conditions and performance trajectory for 2023.

KBRA's sector outlook examines structured finance trends and headwinds across European markets.

KBRA's structured finance outlook covering market conditions and trends across securitized real estate debt and capital markets instruments.

KBRA analysis of commercial mortgage-backed securities loan performance metrics and trends.

KBRA analysis of commercial mortgage-backed securities loan performance trends and metrics for April 2026.

KBRA research examines commercial real estate loan distress patterns across metropolitan markets, identifying divergent performance trends by geography and asset type.

Analysis of commercial real estate loan performance patterns across metropolitan markets, examining divergent distress trends by geography.

Analysis of commercial mortgage-backed securities loan performance metrics and trends for March 2026.

KBRA analysis of commercial mortgage-backed securities loan performance metrics and trends for December 2025.

KBRA analysis of commercial mortgage-backed securities loan performance trends and metrics.

Analysis of commercial mortgage-backed securities loan performance metrics and trends for the January 2026 period.

KBRA analysis of commercial mortgage-backed securities loan performance metrics and trends for November 2025.

KBRA analysis of commercial mortgage-backed securities loan performance metrics and trends for November 2025.

KBRA research examining commercial mortgage-backed securities loan performance metrics and trends.

Freddie Mac analysis of mortgage prepayment behavior comparing floating-rate and fixed-rate loan performance as of June 2024.

Freddie Mac analysis of mortgage prepayment behavior comparing floating- and fixed-rate loan performance as of December 2023.

Freddie Mac analysis of Small Balance Loan prepayment activity and trends as of December 2023.

Freddie Mac analysis examining refinancing and maturity risk exposure in the multifamily sector.