Capital Markets & Lending

Modernizing three workflow bottlenecks separates fast lenders from slow ones in 2026.

The moment when a lender commits to fund a CRE loan on binding terms.

Insurers' underwriting now shapes loan origination decisions before deals close.

Portfolio risk hides between individual loans, not within them.

Lenders are tightening DSCR minimums across property types as rates rise.

Interest coverage ratio measures whether operating income covers debt interest alone.

EBITDA strips out financing and accounting choices to reveal a property's true operating cash flow.

Overlooking this tax deduction can cost CRE buyers millions in deal value.

CBRE's Lending Momentum Index hits highest level since 2021.

AI agents automate research and deliverables, but deals still close through human judgment.

Each layer of CRE debt solves a different problem at a different stage of a deal's life.

Timing the 2026 refinancing wave now beats waiting as capital markets competition tightens.

Mezzanine debt requires mastery of intercreditor agreements to survive a workout.

Banks, CMBS shops, and private credit funds now apply sharply different underwriting standards.

Lenders are rebuilding NOI from scratch and stress-testing every assumption.

AI systems match deals to lenders in minutes instead of days.