U.S. ECONOMIC MACRO COMMENTARY & INSIGHTS
The State of Borrowing Costs: Higher Rates, Tighter Spreads
- Agency CMBS spreads have maintained a holding pattern for nearly 7 months
- Inflation continues to linger above the Fed’s stated 2% goal
- U.S. Treasury makes a play to drive interest rates tighter
There has been a lot of ink spilled recently about Treasury Secretary Scott Bessent’s announcement that the Treasury Department will increase its buybacks of longer-dated securities. But let’s not conflate the Treasury and the Fed. The Treasury’s job is to finance the government. The Fed’s job is to maintain price stability and employment. For years, investors have looked to the Fed when policymakers wanted to influence financial conditions or borrowing costs. Treasury’s recent actions don’t carry the same firepower.
Trading Spreads Hold Tight
2026 Multifamily Investor Sentiment Survey
In December 2025, we surveyed over 250 of our trusted clients from various companies, with most holding senior-level titles, for our second annual Multifamily Investor Sentiment Survey. Our goal is to provide a comprehensive view of current market sentiments to our clients, and we plan to share our findings in our detailed report.
2026 Multifamily
Powerhouse Poll
In Berkadia’s Annual Multifamily Powerhouse Poll, we surveyed over 200 investment sales advisors and mortgage bankers to offer their unique perspectives on the state of the commercial real estate (CRE) industry.
Beyond Insights: Markets
From occupancy to cap rates, employment to migration trends, read the latest market-driven insights.
Four Seniors Housing Communities, Alabama, California, Florida, and Oregon | Financed by Berkadia 2026
Berkadia Secures $39M in Financing for Four Seniors Housing Communities in Alabama, California, Florida, and Oregon Scottsdale, Arizona – September 3, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today it has secured approximately $39 million in HUD financing for four seniors housing communities located in Alabama, California, Florida, and…
The Harlow, Wesley Chapel, FL | Refinanced by Berkadia 2026
Berkadia Arranges $44M Refinancing for Mast Capital and Rockpoint’s the Harlow in Wesley Chapel, Florida Tampa, Florida – September 1, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today that it secured $44 million in refinancing for The Harlow, a 248-unit, Class A, garden-style multifamily community in Wesley Chapel, Florida.…
The Palm, Palm Beach Gardens, West Palm Beach, FL | Financed by Berkadia 2026
Gatsby Florida Closes on $118.6M Construction Financing Through Berkadia for Trophy Office Asset in Palm Beach Gardens “The Palm, Palm Beach Gardens” reflects growing demand for premier office space as financial services firms expand northward from West Palm Beach Palm Beach Gardens, Florida – August 31, 2026 – Berkadia, a distinguished leader in the commercial…