New episode! In this week’s episode of The TreppWire Podcast, we break down bank earnings, hotter-than-expected inflation, shifting Treasury yields, and $2.9B in commercial real estate exposure across hurricane-impacted markets. Tune in now 🔊 hubs.li/Q04Bmhcj0

Where Is Multifamily Delinquency Concentrated? Private-Label CMBS Holds Half of Delinquent Debt hubs.li/Q04BhKwv0

Banks and government-sponsored enterprises added the most dollar volume to the $5.1T income-producing CRE debt market in Q2 2026. Securitized balances rose just 0.1% after a strong start, and near-term maturities remain concentrated in banks and securitized lenders. Our new report maps who holds the debt and when it is estimated to come due. Download the report: hubs.li/Q04zKb5d0

Higher financing costs, tighter underwriting, and a growing wall of maturities. This week, we break down the CRE refinancing challenge, $78B of CMBS debt coming due through 2027, leverage trends, and the deals we're watching. Tune in now🔊 hubs.li/Q04zHF-x0

The Trepp CMBS delinquency rate rose 17 bps in September to 8.02%, its highest level since November 2020. The largest was a $1.10 billion eight-property studio-and-office portfolio in Los Angeles. Access the full report: hubs.li/Q04zgjSM0

From the GFC to today’s higher-rate environment, CRE lenders have had to adapt to every market cycle. In this special guest episode of The TreppWire Podcast, we sit down with Stefanie Stewart of Voya Investment Management to discuss lending through market cycles, stressed sponsors vs. stressed assets, opportunities in industrial real estate, and how AI is helping lenders move faster in today’s market Tune in now: hubs.li/Q04zgjQ_0

Four Las Vegas Casino Loans Are Masking Securitized Lodging’s Cash-Flow Compression hubs.li/Q04zc1c30

New episode! As the Fed weighs its next move, we discuss what rising Treasury yields could mean for CRE, and Bain's estimated $4.2T AI revenue gap and the data center boom. We also break down $4.7B of October CMBS hard maturities and the growing gap between performing loans and refinancing reality. Tune in now 🔊: hubs.li/Q04y-8jt0

Episode 424 is out! The 10-year pushes past 5%, diesel prices bite, and Fed speakers keep the door open. We get into the pushback on the AI buildout, what a hotel brand really tells you about loan performance, plus office, industrial & retail stories. Tune in now: hubs.li/Q04ygZ5q0

Trading Alert: Jersey City Hotel Loan Returns to Special Servicing A $100M CMBS loan transferred to special servicing ahead of its October maturity, with an imminent balloon and maturity default. The borrower indicated it will be unable to pay off the loan at maturity. The collateral is a 351 key full service hotel in Jersey City, NJ. Clients have the story with Trepp: hubs.li/Q04y14LF0

Amazon and FedEx together anchor $6.57 billion of industrial CMBS loan balance, more than the next 10 largest named anchor tenants combined. But their lease rollover profiles look very different. For FedEx, 28.6% of anchored loan balance has a lease expiring before the associated loan matures, compared with just 9.2% for Amazon. Read the full analysis: hubs.li/Q04ycY560

Trading Alert: Memphis Regional Mall Loan Returns to Special Servicing A $155.2M CMBS loan transferred back to special servicing ahead of its November maturity after previously being returned to the master servicer in 2021. The collateral is a 391,862 square foot portion of a regional mall in Memphis, TN, with 69% occupancy as of the first quarter of 2026. Clients have the story with Trepp: hubs.li/Q04y14xy0

Three recent office CMBS stories show just how differently assets are navigating the current financing market. A $219 million financing is supporting a partial office-to-residential conversion at 100 Wall Street. A $1.1 billion Los Angeles office and studio portfolio received another extension, while a $396 million Manhattan office loan transferred to special servicing ahead of maturity. From conversion to extension to special servicing, this episode of The TreppWire Podcast examines how financing outcomes are increasingly dependent on the individual asset, capital structure, and business plan. Tune in now: hubs.li/Q04y3R7q0

Trepp featured in @WSJ: "About 3% of multifamily loans coming due this year that cannot be extended are in some kind of distress, the highest level over the past five years, according to Trepp." hubs.li/Q04y2WDq0

Trading Alert: Times Square Mixed Use Loan Transfers to Special Servicing A $200M CMBS loan transferred to special servicing for imminent balloon and maturity default ahead of its November maturity. The collateral is a 214,341 square foot mixed use property in Times Square, Manhattan, with 100% occupancy as of June 2026. Clients have the story with Trepp: hubs.li/Q04y14s40

New episde: Joey Chilelli of Vanbarton Group joins us to make the case that office-to-residential conversions are here to stay. He explains why the gap between the best office space and everything else is structural rather than cyclical, why the price you pay decides a deal far more than the building itself, and why lenders who once avoided these projects are now competing for them. Tune in: hubs.li/Q04y04Fy0

Trading Alert: SoHo Manhattan Office Loan Transfers to Special Servicing A $785M CMBS loan transferred to special servicing ahead of an imminent balloon and maturity default after the borrower requested discussions about a potential extension or modification. The collateral is a 786,891-sf office property in SoHo, Manhattan. Clients have the story with Trepp: hubs.li/Q04xMyFm0

Episode 422 is out! The Fed hiked for the first time in three years, but rates can't fix oil-driven inflation, and CRE feels it first. We also dig into FedEx-anchored industrial loans that look healthy but face lease rollover risk, and explain why office capital is back but selective. Tune in now: hubs.li/Q04xMWYf0

The Trepp CMBS special servicing rate climbed 33 ps in August to 11.42%, the highest level since February 2013. A single $1.10B Hollywood studio-and-office loan drove mixed-use up 154 bps to 13.47%. Office rose 32 basis points to 16.90%, with large CBD loan transfers contributing to the increase. Download the full report: hubs.li/Q04xMy9x0

Office operating expenses have outgrown revenues every year since 2021, and the gap hasn't closed once. Trepp's next Market Pulse Webinar breaks that down further, including which markets face the greatest net operating income pressure. The session also compares multifamily performance between the Western U.S. and the rest of the Sun Belt across several of the country's largest markets. It does the same for self-storage, looking at how the West Coast stacks up against non-Western Sun Belt markets. Join us on Wednesday, September 30 at 2:00 PM ET. Click here to register for the live webinar: hubs.li/Q04xK0B10