The commercial real estate capital markets landscape is undergoing a dramatic transformation—one defined by regulatory scrutiny, the rise of private credit, cautious optimism in the office sector, and a projected 2025 rebound. Four recent reports highlight both the challenges and opportunities for sponsors and how we from Bender-Carey Capital can help:
Financial Times
Post:
“Commercial real estate is under the regulatory microscope. U.S. and global financial watchdogs are warning of hidden vulnerabilities in the $12 trillion CRE market, particularly among regional banks with outsized exposure to office and retail loans.Stress testing and transparency are becoming critical themes as regulators signal concern over opaque loan books, declining values, and credit tightening. “
Takeaway: Capital partners and sponsors must be more strategic than ever—rigorous underwriting, transparency, and liquidity planning are no longer optional.
How BCC Can Help: We provide institutional-level underwriting, capital structuring, and advisory services to help developers present credible, risk-mitigated opportunities to capital providers—ensuring your project stands out in a cautious market.
2.Private Credit Steps In Where Banks Step Back
Reuters
Post:
“With traditional banks retreating from development lending, private credit is surging into real estate—not just in the U.S., but globally.
In Hong Kong, private credit firms are raising new real estate debt funds to support developers struggling to secure financing from traditional lenders. This mirrors a growing trend in the U.S. as developers increasingly turn to non-bank lenders and structured capital. “
What this means: The new capital stack is evolving—mezzanine debt, preferred equity, and private credit are becoming central to getting deals done.
How BCC Can Help: We work directly with private credit funds, family offices, and structured capital providers to tailor flexible capital stacks that meet today’s financing challenges—bridging the gap between institutional discipline and entrepreneurial vision.
Wall Street Journal
Post:
“Is the office market finally turning a corner? Investors who once avoided the sector are cautiously returning. While core CBD office still faces challenges, flight-to-quality and creative repositioning are fueling investor interest in select metros.
“Distress” is giving way to “opportunity” as tenant demand stabilizes in live-work-play markets and adaptive reuse gains traction.”
How BCC Can Help: Whether repositioning a distressed asset or funding new construction, BCC provides strategic capital markets support—from underwriting and investor presentations to raising both debt and equity—tailored to today’s complex office environment.
Deloitte 2025 CRE Outlook Summary
Post:
“A wave of optimism is building for 2025 in commercial real estate capital markets. According to Deloitte, 68% of CRE professionals expect capital access to improve, while many predict a decrease in cost of capital and more liquidity entering the market.
After two years of volatility, the mood is shifting. Sponsors are preparing for a thaw in debt markets, renewed LP interest, and the return of programmatic equity. “
How BCC Can Help: As capital flows back into the market, BCC ensures your deal is fund-ready—with institutional-grade models, clear risk disclosures, and access to trusted equity and debt partners. We help sponsors capitalize on the next wave of market momentum.