WSJ: Private Credit Can Bring Risk Along With Liquidity to Commercial Property Finance
Featured in Wall Street Journal: As more commercial property lending shifts to nonbank financing, risk gets added to the system
Commercial Observer highlights how private credit has become a $1.7 trillion liquidity engine for CRE in 2025 as traditional banks remain constrained. Featured in the piece, Peachtree Group CEO Greg Friedman explains how private lenders are filling the gap with the flexibility, creativity and execution speed borrowers need—financing everything from bridge and construction loans to note-on-note purchases and bank loan acquisitions. While banks tout advantages in global integration and CMBS/agency channels, the market remains highly competitive as borrowers increasingly turn to private credit for bespoke, reliable capital solutions.