Non-Bank Commercial Real Estate Lending Insights

Small-balance gap and bridge loans fill critical financing gaps for commercial real estate investors, enabling faster acquisitions and repositioning. These loans typically offer flexible terms and quicker closings compared to traditional bank financing.
68%
Percentage of small-balance commercial real estate loans originated by non-bank lenders in recent quarters, reflecting their growing market share.
$1.2M
Average loan size for gap and bridge financing deals, supporting acquisitions and renovations in the $500K to $5M range.
14 days
Typical turnaround time from application to funding for non-bank bridge loans, significantly faster than conventional bank loans.
9.5%
Average interest rate on small-balance bridge loans, balancing risk and speed for borrowers seeking short-term capital.

NEWS & RESEARCH

Check out Aspera Capital Solutions' latest insight and research.

Most real estate investors still treat risk as a qualitative guessing game, while public market investors have long embraced hard data and statistical models. This piece explores how real estate professionals can adopt a more quantitative approach to risk—without losing the nuance of on-the-ground expertise. It also highlights why private real estate credit, when analyzed with the right lens, offers one of the most compelling risk-adjusted return profiles in today’s market.

By: David Jangro

Yield spreads in CRE—especially multifamily and industrial—have compressed to decade lows, leaving little risk cushion as interest rates stay elevated. We unpack how spreads vary by geography and lender type, and why those differences matter for deal pricing, refinancing, and capital allocation. The takeaway: thin spreads amplify both downside and upside—know where they’re likely to widen next before you bid or borrow.

By: David Jangro

Non‑bank lenders now dominate short‑ to medium‑term real estate financing for small balance CRE and investment properties, stepping in as banks retreat. Fueled by rising demand for speed, flexibility, and yield, private debt funds and direct lenders are rapidly scaling loan volume in the $250K–$2M range. This report explores the structural forces driving this shift—and why it presents a durable opportunity for platforms like Aspera Capital Solutions.

By: David Jangro