Why 2026 could be a surprisingly strong year for CRE credit
29 Jan 2026
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.
Resources mentioned:
Federal Reserve H.8 Report – Weekly Assets and Liabilities of Commercial Banks
Federal Reserve Z.1 Financial Accounts of the United States
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
Your guest and host
Andy Boettcher
Head of Research
Trepp
Cole Perry
Associate Director of Research
Altus Group
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