Panel

Commercial Real Estate Finance: Where Capital Is Moving Next

November 10, 2026

State of the Commercial real estate finance market

Commercial real estate finance is entering a period of profound change. Higher financing costs, office market uncertainty, and growing requirements for building adaptation are reshaping how capital is allocated across the sector. At the same time, commercial mortgages are increasingly being managed as transferable assets, with syndications, participations and secondary transactions becoming important tools for managing risk, liquidity and portfolio strategy.

This panel explores the state of commercial real estate finance market. Where is lending returning, and where is capital remaining cautious? How are lenders approaching office refinancing, adaptive reuse and building retrofits? What makes a commercial mortgage attractive to secondary investors? And how is technology changing the way lenders underwrite, manage and distribute commercial loans?

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