
Starwood Property Trust posts $389.7 million loss as commercial lending expands
Starwood reported a $336.6 million credit loss provision while investing $2.4 billion in commercial lending during the third quarter of 2026.
Commercial real estate.
The full picture.

Maya Bennett covers the capital behind commercial property: lending, refinancing, debt maturities, structured finance and the effects of changing interest rates. Her coverage follows the terms and timing of financing announcements and examines what they mean for borrowers, lenders and property investment decisions.

Starwood reported a $336.6 million credit loss provision while investing $2.4 billion in commercial lending during the third quarter of 2026.

The lender expects no further buybacks from the investigations, but the price of exiting existing assets remains unsettled.

The Port of the Islands financing combines repayment of three loans with renovations and working capital. The full loan amount is not the renovation budget.

DTE links its planned Vantage sale to a five-year utility investment program. Site-level power commitments remain a separate development milestone.

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KKR-advised capital accounts provide debt for a recently completed office expansion, following a separate refinancing of the West Campus earlier this year.

Terra and Fortune’s financing supports predevelopment at the former Silver Sands site, with sales still a critical next test.

The agency loan gives a newly completed downtown apartment tower a financing milestone tied to demonstrated occupancy.

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The Dow jumped about 3% and the 10-year Treasury fell toward 4.89% after the midterms. What the rally does and doesn't change for CRE borrowing costs.

The rate is only one input. Compare the equity check, approval conditions and remaining term before assigning a premium to existing debt.