CRE360 Morning Pulse - October 13th, 2025

Good morning —  highlights a sharp rebound in commercial real estate lending, with Newmark reporting an 11% quarter-over-quarter rise in Q3 2025 originations, led by institutional and life company lenders. Loan-to-value ratios increased and spreads tightened, signaling stronger risk appetite. Nationally, lending volumes stabilized but showed regional divergence—Sunbelt markets surged while the Midwest lagged. CMBS issuance climbed 8% year-over-year, reflecting revived capital market confidence. SoftBank’s profit jump, driven by AI-linked investments, underscores how global tech capital is influencing CRE finance. CRE360 advises cautious optimism: secure favorable terms now, but maintain underwriting discipline amid shifting market dynamics.