Why 2026 could be a surprisingly strong year for CRE credit
About this episode
The episode discusses the CRE credit landscape and predictions for 2026 with insights from Andy Boettcher.
What does the CRE credit landscape really look like heading into 2026? Cole Perry is joined by Andy Boettcher, Head of Research at Trepp, to pull back the curtain on bank lending behavior, refinancing risk, extensions, and why fears around the “maturity wall” may be overstated. Drawing on decades of experience from the Federal Reserve to today’s lending data, Andy offers a seasoned, data-driven outlook on where CRE credit is stabilizing, and where it’s still sorting itself out. Key Moments: 01:53 Andy’s Background and career journey 07:06 From the Fed to Trepp 09:53 Macro and CRE market analysis 16:34 Bank lending vs. CMBS market 25:53 2026 forecast and predictions 27:45 Final thoughts and industry wishes Resources Mentioned: Andy Boettcher - https://www.linkedin.com/in/aboettcher/ Trepp - https://www.trepp.com/ Federal Reserve H.8 Report – Weekly Assets and Liabilities of Commercial Banks - https://www.federalreserve.gov/releases/h8/current/default.htm Federal Reserve Z.1 Financial Accounts of the United States - https://www.federalreserve.gov/releases/z1/ Atlanta Fed GDPNow - …
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