CRE Loan Intelligence · Southeast

What CRE loans actually priced this quarter.

Every number here comes off real term sheets that ran through Gumption over the last 90 days. Not survey averages. Not asking rates. The price borrowers were genuinely quoted, by 700+ banks and lenders.

Report period
Apr — Jun 2026
Deals priced
97
Volume quoted
$642.8M
Lender network
700+

Price your deal against the market

Pick a property type, lender pool, region, and loan size. The read updates against what comparable deals actually closed at.

Property type
Lender pool
Region
Loan size$8.5M
Blended quoted rate · all property types
6.62%
▲ 17 bps vs Q1 trough
Typical leverage
64%
Max LTV at close
vs Q2 2024 peak
−150
basis points below
Deals in set
97
priced this quarter
Time to 1st term sheet
2.3 days
median, submission to offer

Where banks are winning

Same deals, two lender pools. The gap is the story for Q2.

Banks & credit unions6.31%
Private lenders & debt funds9.60%
+329 basis points. How far private capital is pricing above the banks on identical deals, and the spread widened again this quarter.

Cheapest to hardest to finance

Blended quoted rate by property type. Click a bar to load it above.

Three that closed in Q2

Real deals shepherded through underwriting on the Gumption network.

Central Florida

Hospitality construction loan

Loan
$24.6M
Rate
7.40%
Term sheets
5
Huntsville, AL

Starbucks NNN refinance

Loan
$3.2M
Rate
6.18%
Term sheets
4
N. Birmingham, AL

117-unit SFR portfolio refinance

Loan
$18.9M
Rate
6.45%
Term sheets
6
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