Commercial Real Estate Now
Commercial Real Estate Now
Karly Iacono
Inside CRE Lending Today: Spreads, Structures & the H2 Outlook | Matt Pizzolato, CBRE
33 minutes Posted May 14, 2026 at 2:02 pm.
0:00
33:38
Download MP3
Show notes

The CRE debt market is fluid — and that's actually good news for borrowers. In this episode of Commercial Real Estate Now, host Karly Iacono sits down with Matt Pizzolato, SVP in CBRE's Debt & Structured Finance Group, whose team placed over $3 billion in volume last year across multifamily, industrial, retail, and office.


Matt breaks down exactly where the lending environment stands today: which capital sources are most active, how spreads have shifted over the past 12–18 months, and what creative structures are getting deals done that weren't possible two years ago.


Topics covered:

-Why Matt's one word for today's market is "fluid" — and what that means for you

-Banks vs. debt funds: who's winning and why

-Construction spreads: how quickly things have moved

-Stretch senior financing and construction loan takeouts explained in plain English

-If you have a maturing loan: exactly how much runway you need to refi

-The real risk to watch — private credit contagion and its ripple effect on CRE


Whether you're refinancing, developing, or evaluating acquisition financing, this episode gives you a ground-level read on where capital is and how to access it.


#CommercialRealEstate #CREDebt #RealEstateFinance #CommercialMortgage #CapitalMarkets #CBRE #RealEstateInvesting #CREInvesting #DebtFinancing #Multifamily #IndustrialRealEstate #CommercialRealEstateNow


Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.