Private Credit Steps Into the Real-Estate Refinancing Gap

Banks pulling back from commercial real-estate lending have opened lanes for family-office and private-credit-style debt allocations.

By the Family Office Real Estate Daily Desk·Thursday, May 14, 2026·1 min read

Editorial summary of reporting byPERE / PEI Group Our editorial standards →

Private Credit Steps Into the Real-Estate Refinancing Gap — Image: editorial illustration · Story sourced from PERE / PEI Group

Banks pulling back from commercial real-estate lending have left a meaningful refinancing gap that private credit is increasingly filling.

Family-office allocators are participating both directly and via senior-positions in private credit funds focused on transitional and value-add assets.

Senior secured debt at conservative loan-to-value ratios is the most-cited entry point for offices new to private credit.

Sourcing relationships with mid-market sponsors are the key competitive differentiator in this strategy.

Original reporting

PERE / PEI Group

Read the original at PERE / PEI Group →

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