Private credit didn’t fix middle-market CRE. It delayed a reckoning
By: Mitch Ginsberg | Published: 2026-03-10 07:29:00 | Source: www.housingwire.com
Over the past several years, private credit has been portrayed as a lifeline for commercial real estate. As banks have tightened under regulatory pressure and rising rates, debt funds stepped in and kept transactions moving. According to the Mortgage Bankers Association, private credit funds accounted for roughly 24% of U.S. CRE lending volume last year, well above their 10-year average…
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