Trump Tariffs-Induced Volatility Widens CRE Opportunity for Private Credit
Commercial Observer reported that President Trump's tariff policies are creating commercial real estate market volatility that's benefiting established private credit lenders as traditional banks retreat from deal financing. With $957 billion in CRE loans maturing in 2025 and banks becoming more selective, private lenders are capitalizing on refinancing and recapitalization opportunities. Josh Zegen of Madison Realty Capital noted that "Private credit has smoothed some of the volatility in the market and I think that [private lenders] like ourselves have been able to take a little bigger market share in general because we have broad product array." While established players gain market share, the uncertain environment makes it harder for new private credit entrants to compete.
