Home / Market intelligenceMarket intelligence

Where the distress is. Where capital goes next.

Our data and our network put us in a unique position to read residential and commercial real estate and the private credit market around it, for the benefit of private credit and private equity groups that invest in both.

Get the Q4 2026 brief

Commercial

$1.5TCommercial mortgages maturing across 2026 and 2027, much of it written at 3% to 4%

11.42%CMBS special servicing rate, highest since 2013

$130B+Outstanding distressed commercial real estate

-34%Office values versus the 2022 peak, -50% downtown

CMBS delinquency by property type

Office12.0%

Multifamily7.7%

Retail7.2%

Hotels5.8%

Industrial1.1%

Sources: MBA, Trepp (Aug 2026), MSCI, Green Street (Jun 2026). Approximate.

Residential

227,548Foreclosure filings in H1 2026, up 21% year over year

+33%Bank repossessions (REO) in H1 2026 year over year

500K to 540KProjected 2027 foreclosure filings, JDL base case

7,500+Underwritten off-market deals live on our platform across 50 states

Sources: ATTOM, ICE (Aug 2026), JDL platform data (live, Oct 15, 2026) and estimates. Approximate.