Private Lending in Commercial Real Estate: How It Works and When It Beats a Bank
Private lenders wrote 38% of non-agency CRE loans in Q2 2026, more than banks. Here is how private lending works, what it costs, and when it is the right call.
Stories worth your time.
Your Comps Are a Report on Supply That Already Landed.
Concessions and soft rents describe units that already delivered. Multifamily starts are down a third and office construction is down 87 percent from peak.
Two Lenders Quote 1.25x. One of Them Is Lending You 20 Percent More.
At 1.25x coverage and a 6 percent coupon, interest only supports 20 percent more loan than 30 year amortization. The denominator does the sizing.
Your CRM Is Not Missing Features. It Is Missing Yesterday.
Brokers do not abandon a CRE CRM over features. They abandon it because keeping it current is a second job. What to evaluate instead of the feature list.
The state of CRE financing, in one report.
42 pages of hard data on lender activity, rate movements, and deal flow across every asset class. Built from 13,000+ lenders and thousands of closed deals.
Nobody Loses a Deal Because a File Uploaded Slowly.
Deals do not die on upload speed. They die on the version that went stale. What lenders actually ask for, and how to keep one set of documents current.
Your Deal Did Not Fail Underwriting. It Failed a Question Nobody Asked.
Under five units, the classification decides the loan before any ratio does. What a business purpose loan is, who confirms it, and why lenders now filter on it.
How to Compare Commercial Loan Quotes Side by Side (Without Missing the Real Cost)
The lowest rate is often the most expensive quote. Here is how to compare commercial loan terms properly, and what to normalize before you pick a lender.
Stay close to the market.
The CRE Briefing brings you what's moving in deals, lenders, rates, and the trends that matter. Written by people who actually work in CRE.