CRE Lending 2026: Banks, Private Credit and CMBS Are All Surging

Something unusual is happening in the CRE debt markets in 2026 — and it directly affects every sponsor, operator, and capital allocator that HB Capital works with. Banks are back. Private credit is surging simultaneously. CMBS issuance is at multi-year highs. And yet none of these capital sources are competing with each other in the […]