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Financing & CMBS research.

Financing & CMBS is a commercial real estate sector tracked by Global Real Estate Intelligence. Below is the latest financing & cmbs research from the major firms: reports, outlooks and data, each attributed and linking to the original source.

202 live news and deal items, 413 published reports · the 36 most recent span 3 markets and 5 named publishers

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Latest Financing & CMBS research

Lument

A More Localized Multifamily Recovery Emerges

Markets are separating into distinct clusters of momentum. The post A More Localized Multifamily Recovery Emerges appeared first on Lument .

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Global Real Estate Intelligence is a neutral index of publicly available research. We summarise briefly, attribute every source, and link to the original; all rights remain with the publishers.

Multifamily

Debt & Financing

Financing & CMBS

United States

Updated 2 days agoPublished Aug 14, 2026

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Trepp

What’s Behind the July Multifamily CMBS Delinquency Uptick?

The Trepp Commercial Mortgage-Backed Securities (CMBS) Delinquency Rate increased 51 basis points to 7.86% in July, as the total balance of delinquent loans rose by $3.52 billion to $47.5 billion. Among the loans that became newly delinquent during the month were 30 multifamily loans totaling $509.3 million. A…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 1 day agoPublished Aug 14, 2026

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Trepp

CMBS Mall Loans: Nearly All Distress Traces to Pre-2017 Originations

Among commercial mortgage-backed securities (CMBS) mall loans, 96.3% of non-performing loans were written in 2016 or earlier, while loans written in 2017 or later are performing at essentially a 100% rate. The CMBS mall-loan market is not one population with a range of outcomes. It is two, split by origination…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 3 days agoPublished Aug 13, 2026

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CRED iQ

To Err is Human, To Mod is Bank

CRE Loan Modifications: May–July 2026 Report Summary. CRED iQ tracked 82 modified CMBS and CRE CLO loans with a combined $2.36 billion in outstanding balance from May through July 2026. The mix looks different than it did a few quarters ago: extend-and-pretend hasn’t disappeared, but it’s no longer the whole story.…

CMBSDebt & FinancingFinancing & CMBSUnited States

Updated 2 days agoPublished Aug 13, 2026

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Lument

When Energy Prices Ripple Through Multifamily

Energy costs directly impact tenant behavior. The post When Energy Prices Ripple Through Multifamily appeared first on Lument .

MultifamilyDebt & FinancingFinancing & CMBSUnited States

Updated 3 days agoPublished Aug 12, 2026

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Trepp

Investors Priced Four Data Center CMBS Deals 55 Basis Points Apart

Disclaimer: This is an excerpt from Trepp's "Investors Priced Four Data Center Deals 55 Basis Points Apart ” report. Click here to access. Four recent data center single-asset, single-borrower (SASB) commercial mortgage-backed securities (CMBS) deals priced their last-pay AAA bonds across a 55-basis-point range.…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 3 days agoPublished Aug 12, 2026

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Arbor Realty Trust

Small Multifamily Investment Trends Report Q3 2026

Arbor Realty Trust’s latest Small Multifamily Investment Trends Report, developed in partnership with Chandan Economics, evaluates what’s driving this sector’s ongoing stability as macroeconomic conditions remain mixed. Loan originations rose last quarter, and valuations are rebounding, signaling that normalization…

MultifamilyDebt & FinancingFinancing & CMBSUnited States

Updated 3 days agoPublished Aug 12, 2026

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Trepp

Office Deals Led CMBS Growth Through July 2026, & Data Centers Arrived

Domestic private-label commercial mortgage-backed securities (CMBS) issuance reached $76.2 billion through July 2026, measured by loan balance when each deal was sold, according to Trepp data as of July 31. Single-asset, single-borrower (SASB) deals, each backed by one property or one owner, made up $58.0 billion.…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 4 days agoPublished Aug 11, 2026

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Trepp

CMBS Special Servicing Rate Declined in July 2026, Led by Office & Lodging Improvement

Disclaimer: This is an excerpt from Trepp's July 2026 CMBS Special Servicing Report. To access the full report, click here. The Trepp commercial mortgage-backed securities (CMBS) special servicing overall rate declined 11 basis points in July to 11.09%, partially reversing the increases of recent months.

CMBSDebt & FinancingCapital MarketsUnited States

Updated 5 days agoPublished Aug 10, 2026

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REFIRE

Germany's leasehold revival faces the 99-year test

A year on from REFIRE's report on the tentative revival of Erbbaurecht , or leasehold rights, three developments suggest the model is moving further into the property mainstream. Banks have new guidance intended to make leasehold financing easier to underwrite. Industry data suggests the central fear associated…

Financing & CMBSCapital MarketsEuropeGermany

Updated 6 days agoPublished Aug 9, 2026

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REFIRE

Capital wants property, but only on its own terms

Two recent investor surveys landed on REFIRE's desk within weeks of each other, prompting us to look up an earlier study of DACH family offices. They point to a property market in which investors are becoming considerably clearer about what they want to own, even as confidence in the market itself deteriorates.…

Financing & CMBSCapital MarketsEurope

Updated 7 days agoPublished Aug 9, 2026

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REFIRE

Two-thirds of Germany's buildings could face high heat stress by 2050

Europe spent much of this summer watching the risk quantified in a new German property study play out in real time. Wildfires around Bordeaux prompted France's largest-ever peacetime evacuation, while Spain battled the largest fire in its recorded history west of Madrid. More than 300,000 people were evacuated…

Financing & CMBSCapital MarketsEurope

Updated 6 days agoPublished Aug 9, 2026

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Trepp

New Supply Drives Occupancy Divide Across Apartment Markets

Underwriting expectations for occupancy during the multifamily market's post-pandemic boom reflected the strong demand that characterized the market in 2021. Record apartment deliveries in the years since have reshaped market conditions, creating a widening gap between those expectations and current occupancy…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 8 days agoPublished Aug 7, 2026

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CRED iQ

CRE & CMBS Distress Report: Top 50 U.S. Metro Rankings and What’s Driving Them

Across the 50 largest CMBS markets, $45.8 billion of $393.5 billion in outstanding balance is currently distressed, a balance-weighted rate of 11.6%. Minneapolis (55.1%), Denver (35.9%), and Oklahoma City (34.1%) lead the rankings, each shaped by a handful of very large loans rather than broad weakness, while Salt…

CMBSDebt & FinancingFinancing & CMBSUnited States

Updated 7 days agoPublished Aug 7, 2026

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Trepp

Less Room for Error – Why Recent-Vintage Multifamily CMBS Is Seasoning So Poorly

Multifamily has become a more important component of conduit commercial mortgage-backed securities (CMBS) at the same time that recent-vintage performance has become harder to generalize. Multifamily represented roughly 20% to 23% of conduit securitization balance in 2024 through July 2026, compared with only 7% in…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 7 days agoPublished Aug 7, 2026

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Trepp

Multifamily Concentration Is Only the Starting Point: What Q2 2026 Community Bank Earnings Reveal About Multifamily Risk

Second-quarter earnings calls from banks with meaningful multifamily concentrations showed significant divergence in performance and pipelines. The ten banks differed not only from one another but, with two exceptions, also from recent super-regional commentary, where lenders reported stronger pipelines and…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 11 days agoPublished Aug 4, 2026

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Trepp

August 2026 CMBS Hard Maturities Reveal Growing Strain Among Office Loans

The August 2026 private-label commercial mortgage-backed securities (CMBS) hard-maturity 1 cohort totals $5.49 billion across 130 loan pieces 2 comprising 119 whole loans, roughly double July's $2.55 billion. Of the total, 125 loan pieces ($5.36 billion, 97.51%) are performing, while five loan pieces ($136.6…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 11 days agoPublished Aug 4, 2026

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Trepp

SLOOS Signals Modest Multifamily Easing, but Multifamily Price Competition Is Already Advanced

Multifamily standards eased modestly during Q2, driven entirely by large banks, while aggregate demand remained essentially unchanged despite a sharp split by bank size. Trepp-i spreads are already at the bottom of their post-2021 range, suggesting that further competition may increasingly surface in loan structure…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 12 days agoPublished Aug 3, 2026

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Trepp

The CRE Comeback Is Real. It Is Also a Tale of Two Books.

Eight of the 11 super-regional banks with comparable linked-quarter data reported higher commercial real estate (CRE) balances in the second quarter. But growth was uneven, and at several banks reflected acquisitions, greater utilization, or extensions that delayed runoff as much as new originations, while legacy…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 12 days agoPublished Aug 3, 2026

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Trepp

CMBS Delinquency Rate Increased 51 Basis Points in July 2026

Disclaimer: This text is an excerpt from Trepp's July 2026 CMBS Delinquency Report. To access the full analysis of the report, click here. The Trepp commercial mortgage-backed securities (CMBS) Delinquency Rate increased by 51 basis points to 7.86% in July 2026, led by a group of very large loans whose status moved…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 15 days agoPublished Jul 31, 2026

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CRED iQ

CMBS Distress Hits a 2026 High

CRED iQ’s July 2026 surveillance data shows the Overall Distress Rate for CMBS climbed to 10.91%, up 22 basis points month-over-month, driven primarily by a 42-bps jump in the Special Servicing Rate to 10.38%. The Delinquency Rate rose more modestly, to 8.68%. For CRE and CMBS investors, brokers, and lenders trying…

CMBSDebt & FinancingFinancing & CMBSUnited States

Updated 15 days agoPublished Jul 31, 2026

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Lument

2026 Argentum Largest Seniors Housing Providers: Report Takeaways

Sortable data, thoughtful analysis, and expert insights await. The post 2026 Argentum Largest Seniors Housing Providers: Report Takeaways appeared first on Lument .

MultifamilyDebt & FinancingFinancing & CMBSUnited States

Updated 15 days agoPublished Jul 31, 2026

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Lument

Summer 2026 National Multifamily Market Report: The New Normal Begins to Take Shape

Multifamily fundamentals are moving toward equilibrium. The post Summer 2026 National Multifamily Market Report: The New Normal Begins to Take Shape appeared first on Lument .

MultifamilyDebt & FinancingFinancing & CMBSUnited States

Updated 16 days agoPublished Jul 30, 2026

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Trepp

Super-Regional Bank 2Q 2026 Earnings: Commercial Loan Growth Returns as CRE Nonperformers Diverge

Commercial loan growth returned across the regional bank group and competition continues for relationship-driven commercial credit even as some banks report modest increases in non-performing assets. Second-quarter results from 11 super-regional banks delivered a more constructive lending signal than in the first…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 16 days agoPublished Jul 30, 2026

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Lument

Financing Success in the New Era of Seniors Housing

Success stories from HUD's Express Lane and Freddie Mac. The post Financing Success in the New Era of Seniors Housing appeared first on Lument .

MultifamilyDebt & FinancingFinancing & CMBSUnited States

Updated 17 days agoPublished Jul 29, 2026

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Trepp

Where Multifamily Values Tracked or Diverged from Single-Family Home Prices

Some of the strongest long-run single-family housing markets in the country have also been strong multifamily investment markets. But the two property types did not always appreciate at the same pace. To see where the relationship held, and where it broke down, Trepp compared annualized value growth across four…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 18 days agoPublished Jul 28, 2026

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Trepp

What a Hawkish Fed Surprise Means for Commercial Real Estate Credit

The Fed is expected to hold rates this Wednesday, July 28th, 2026, but a hike is a real possibility after surging energy prices revived inflation concerns. Meetings can move markets even when the rate does not change. In June, the Fed held and still jolted rate expectations, producing the largest hawkish surprise…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 18 days agoPublished Jul 28, 2026

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Trepp

Chief Economist's Weekly Watch – July 27, 2026

Last week's surge in oil prices pushed Treasury yields to their highest levels since early 2025 and put a rate increase back on the table, two weeks after a soft June inflation report had taken it off. Here are three things to watch for this week:

CMBSDebt & FinancingCapital MarketsUnited States

Updated 19 days agoPublished Jul 27, 2026

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Trepp

Grocery-Anchored Maturity Wave: Anchor-Lease Problem

Roughly $11.4 billion of securitized grocery-anchored commercial real estate debt comes due between 2027 and 2029, which is about 62% of the entire $18.6 billion grocery-anchored universe. The wall is front-loaded: 2027 alone carries $4.2 billion of maturities, more than either of the following years. That much…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 19 days agoPublished Jul 27, 2026

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REFIRE

Existing buildings overtake new-build as main construction activity

Something significant has shifted in Germany's construction industry, largely without being planned. For the first time, the data suggests that renovation, conversion and repurposing of existing buildings are on the verge of overtaking new-build as the dominant form of construction activity in the country.

Financing & CMBSCapital MarketsSustainabilityEuropeGermany

Updated 14 days agoPublished Jul 26, 2026

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REFIRE

Germany’s hotel market rewards quality and punishes weakness

Germany's hotel market remains open for business in 2026. At the halfway stage, overnight stays are edging higher, investment transactions continue to take place and financing remains available for the right assets. Yet this apparent resilience disguises a market that has become far more discriminating, with…

Financing & CMBSCapital MarketsHospitalityEuropeGermany

Updated 14 days agoPublished Jul 26, 2026

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Trepp

Community Bank Retail CRE: Composition, Not Concentration

Community banks in the $2 billion to $6 billion asset range are assumed to carry safer retail commercial real estate (CRE) exposure than their larger peers. The reasoning: community banks more frequently lend to ‘needs-based’ retail, which is a fundamentally different credit from a super-regional mall. We tested…

CMBSDebt & FinancingCapital MarketsUnited States

Updated 22 days agoPublished Jul 24, 2026

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Rate hold welcomed, but long-term financing costs show no sign of falling

The European Central Bank left its key interest rates unchanged at its July meeting, keeping the deposit rate at 2.25% following June's 25 basis point increase. The decision was universally anticipated and removes the immediate threat of another increase for property borrowers. It provides considerably less reason,…

Financing & CMBSCapital MarketsEurope

via REFIREUpdated 14 days agoPublished Jul 24, 2026

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REFIRE

Germany has the projects. It just can't build them.

Between the end of 2023 and the end of 2026, residential projects totalling 30.1 million square metres of living space were scheduled for completion across Germany. Around 9.4 million square metres — equivalent to roughly 125,000 homes — will not be delivered. Felix Embacher , managing director of researchers…

Financing & CMBSCapital MarketsMultifamilyEuropeGermany

Updated 14 days agoPublished Jul 24, 2026

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CRED iQ

CRE CLO Collateral Trends

A handful of the latest CRE CLO deals lean hard into multifamily collateral and full-term interest-only structures. CRED iQ analyzed loan-level collateral across a handful of the latest CRE CLO deals totaling $4.68 billion and 160 loans of collateral, and the profile points to lenders concentrating risk in the…

CMBSDebt & FinancingFinancing & CMBSUnited States

Updated 23 days agoPublished Jul 24, 2026

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REFIRE

Germany's residential rental market is seizing up

Germany's rental market is no longer defined simply by rising rents. It is increasingly defined by falling residential mobility. As inadequate housing supply, limited housing turnover and worsening affordability reinforce one another, tenants are remaining in existing homes for longer whilst competition intensifies…

Financing & CMBSCapital MarketsMultifamilyEuropeGermany

Updated 14 days agoPublished Jul 24, 2026

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