Capital Markets

Multifamily debt originations continue to fuel growth in the real estate credit space.

You may not know what the future brings, but it’s looking good moving ahead.

There’s likely more CRE damage coming and a need to face financial realities.

But, as one might expect, office is still hurting.

If the 10-year hits 5% and keeps going, that would complicate a CRE recovery.

But not across all sectors.

However, except for smaller banks, the rate of new modifications is slowing.

A rally in REIT performance could boost public and private deal flow in 2025.