The Revere Capital Commercial Real Estate team, including Jeff Salladin, Matt Turner and Kris Boudreau attended CREF25, the industry’s largest event for commercial and multifamily finance professionals. Their key takeaways from the conference were as follows:
- The lending market remains liquid, but different players are behaving differently. Banks are active, but how active they are depends on their portfolio performance and regulatory realities. Debt funds, like Revere, are very active and anticipate a robust year of originations.
- Insurance costs appeared to be stabilizing, but the recent devastating fires in Southern California may add new uncertainties to property insurance underwriting.
- Servicers have seen that the recent rise in insurance costs has lead to increased deferred maintenance on properties.
- According to the Mortgage Bankers Association, total CRE lending will increase to $583B in 2025, which is a 16% increase over 2024. Although still a year away, 2026 originations are forecasted to increase to over $700B.