Treasury yields declined again, with the 10-year reaching 5.00%, but wider credit spreads and higher rolling SOFR kept CRE refinance relief uneven. This week’s LakeRock Signal examines what the changing rate environment means for refinance proceeds, DSCR, debt yield, valuation support, maturity risk, and sponsor capital.
Weekly Rate and Capital Markets Signal — October 26, 2026 Read More »
Treasury yields moved lower, but credit spreads widened, rolling SOFR increased, and CMBS special servicing rose to 11.49%. Lower benchmarks may help some transactions, but refinance capacity still depends on sustainable NOI, lender sizing, debt yield, and sponsor capital.
Weekly Rate and Capital Markets Signal — October 19, 2026 Read More »
Treasury yields moved higher again, credit spreads widened, and September CMBS delinquency rose above 8%. With the 10-year Treasury at 5.28% and high-yield OAS at 3.24%, CRE refinance proceeds, DSCR, valuation support, and capital-gap assumptions should be reassessed at current market terms.
Weekly Rate and Capital Markets Signal — October 12, 2026 Read More »
Treasury yields moved higher again, credit spreads widened, and September CMBS delinquency rose above 8%. With the 10-year Treasury at 5.28% and high-yield OAS at 3.24%, CRE refinance proceeds, DSCR, valuation support, and capital-gap assumptions should be reassessed at current market terms.
Weekly Rate and Capital Markets Signal — October 05, 2026 Read More »
Treasury yields moved materially higher this week, with the 10-year reaching 5.17%, the 30-year 5.49%, SOFR rising to 3.705%, and high-yield spreads widening. CRE refinance capacity, DSCR, valuation support, and capital-gap assumptions should be rerun at the current curve.
Weekly Rate and Capital Markets Signal — September 28, 2026 Read More »
For more than a decade, Conference Room B sat directly across the hall from my office on the 31st floor of SunTrust, now Truist, Tower in Atlanta. The decisions, debates, relationships, and knowledge transfer inside that room shaped how I think about commercial real estate lending, credit risk, underwriting, portfolio management, and the work I am building today through LakeRock.
Conference Room B: Where the Commercial Real Estate Credit Room Began Read More »