Steve Baumgartner, Feb 2026 - 5 min read January's non-agency CRE securitization market delivered a robust start to 2026, with combined issuance led by exceptional CRE CLO performance. Non-Agency CMBS contributed across thirteen deals, while CRE CLOs added nearly one-quarter of last year's entire CLO volume in a single month.
Blogs
2025 Non-Agency CMBS and CRE CLO issuance hit $157.3 billion post-crisis peak.
November CMBS exceeded 2024's $106 billion total, reaching $116.2 billion year-to-date.
October CMBS sustained momentum with $11.5 billion across 15 consistent deals.
Private credit managers gain speed advantages through operational automation.
September CMBS surged with $13.6 billion across nineteen deals post-Labor Day.
August delivered solid $7 billion across fourteen deals despite late-month slowdown.
July CMBS market wrapped up with $12.4 billion issued.
June's robust $7.7 billion issuance brought total first-half volume to $59.3 billion.
May CMBS issuance bloomed with $10.2 billion from 14 deals despite April's volatility.
Robust CMBS market poised for strong May rebound after temporary April pause.
Non-agency CMBS market hits $106 billion in 2024, showing strong momentum in sector growth.
Non-agency CMBS market delivers post-GFC record-breaking $19 billion in February 2025.
January sees robust $13.4B in Non-Agency CMBS and CRE CLO issuance
Non-agency CMBS market hits $106 billion in 2024, showing strong momentum in sector growth.
Non-Agency CMBS Market Overview
U.S. Non-Agency CMBS issuance soars to $14.5 billion in October 2024, marking a 3-year high.
Key takeaways from ABS East 2024, exploring growth outlook and digital transformation.
CMBS market booms in 2024, driven by Fed cut and strong deal-making.
August CMBS slowdown contrasts 2024 issuance; September and Fed rate decisions to impact growth.
An analysis showcasing July 2024’s CMBS market future outlook with a strong issuance and trends.
Review of how U.S. securitization volumes have surged, nearing 70% of last year's total in six months.
Strong CMBS start in 2024 and optimistic sentiment from CRE professionals.
Hot start for US commercial mortgage bonds in 2024, but Fed's rate cut chill casts uncertainty.
Stable treasury rates spark US CMBS market revival in Q1 of 2024.
