10Y UST5.00%+0.81%30Y MTG7.32%-1.08%SOFR3.93%+0.26%VNQ$92.19-1.05%XLRE$42.33-1.09%FED FUNDS3.88%
Real Estate Trail
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Salem Business Journal · Capital

Salem Opens New Financing Program for Commercial Property Upgrades

Via Salem Business Journal · September 10, 2026
Compiled by Real Estate Trail Editorial · September 10, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

  • Disclosed capital deal value tracked in September 2026: $23.5B across 49 reported transactions.

Computed from Real Estate Trail’s own tracked coverage

Read the full article at Salem Business Journal →

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