Perspectives from the private credit desk.
Research briefs, market commentary, and lender-side context on the transactions moving through U.S. real estate credit — written by the Loanetics investment team for LPs, sponsors, and institutional partners.
What the private credit desk is watching.
Loanetics publishes short-form research on the credit cycle, sponsor behavior, construction cost dynamics, and the pricing gap between bank and non-bank real estate lending. Longer white papers are distributed directly to LPs and institutional partners under the investor portal.
Why bridge spreads have held while the ten-year has moved.
Even as benchmark rates re-priced, private bridge coupons on Class A collateral held their spread. The desk explains why non-bank credit is behaving like a durable asset class, not a rate proxy.
Draw discipline: the underwriting variable most sponsors underestimate.
Draw governance, not headline rate, is the single largest predictor of a construction loan's realized IRR. A field note on how Loanetics scores draw risk before commitment.
Note-on-note: the quiet resurgence of the secondary CRE debt market.
Regional bank divestitures continue to push CRE loan pools into private hands at a discount. The desk maps the reload cycle and where the best relative value lives today.
Velocity beats yield: what four years of repeat borrower data actually show.
Repeat borrower cohorts underwrite differently than one-time flippers. A look at how relationship depth compresses default risk without compressing rate.
Pricing the entitlement lift: a framework for pre-development credit.
Entitlement risk is a discrete underwritable exposure with defined milestones. Loanetics outlines its four-gate framework for pricing land loans on horizontal capital.
Assessment-backed capital and the energy transition of existing buildings.
C-PACE is one of the fastest-growing corners of specialty credit. A note on why the assessment structure changes the recovery math versus mezzanine.
A structured letter from the credit desk to LPs and sponsors.
Each quarter, Loanetics publishes a portfolio letter covering deployment pace across all ten fund strategies, weighted-average coupon and LTV, credit reserve status, and the desk's read on the twelve months ahead. LPs receive the full letter; a public digest is posted here.
The quarterly is written by the Investment Committee and signed by the Founder and CEO.
Q2 2026 Portfolio Letter
Deployment pace, weighted-average LTV by fund, reserve status, and outlook for the second half. Distributed to LPs · public digest posted here.
Q1 2026 Portfolio Letter
Bank retrenchment and the widening gap in mid-market CRE credit. Read on sponsor selection standards in a slower transaction environment.
Q4 2025 Annual Review
Full-platform review across all funds, IC decision statistics, and the credit reserve draw schedule. Restricted distribution.
Media inquiries and speaking requests.
The Loanetics leadership team is available for select interviews, panel appearances, and background conversations on private real estate credit, sponsor finance, and the non-bank lending cycle. Please route all press requests through the media desk below with an outlet, deadline, and topic.
Press & interviews
Please include outlet, format, deadline, and topic. Responses within one business day.
Speaking & panels
Conferences, LP events, university lectures, and industry panels on private credit and specialty real estate finance.
Analyst & researcher access
Background conversations with sell-side analysts, academics, and long-form researchers on the private credit ecosystem.
Get the quarterly and the between-quarter briefs.
Investors, sponsors, and institutional partners can join the Loanetics research distribution list to receive the quarterly portfolio letter, between-quarter market notes, and invitations to closed-door briefings.