Fairbridge Asset Management (“Fairbridge”), a real estate private credit firm specializing in short-term, high-yield mortgage financing for real estate investors and developers across the U.S., today announced origination and portfolio activity for the first half of 2026, a period in which the firm prioritized underwriting discipline.

Fairbridge manages assets across a set of multiple commercial bridge lending vehicles and has originated approximately $1.6 billion in loans since its founding in 2018. The firm’s activity in the first half was weighted toward multifamily, ground-up construction, and one-to-four family residential collateral, showing a stated focus on residential and residential-adjacent assets.

“The volume of opportunity reaching us remains robust, enabling us to apply a selective approach to originations as we surpass the midpoint of the year,” said Brian T. Walter, Co-Founder and Managing Partner of Fairbridge Asset Management. “While conventional lending has picked up this year for certain types of assets, sponsors with land, pre-development or partially occupied projects still have limited options, and we continue to see borrowers who could access bank capital but seek alternative financing where speed of execution and transaction certainty are important considerations.”

According to the Mortgage Bankers Association, commercial and multifamily mortgage originations rose 16% year-over-year in the second quarter of 2026 and increased 12% from the first quarter, with bank and CMBS lenders posting the strongest gains. Separately, MBA reported earlier this year that roughly $875 billion of commercial mortgage debt, about 17% of the approximately $5 trillion outstanding, is scheduled to mature in 2026.

Fairbridge views the recovery in conventional lending as constructive rather than competitive. Bank and securitized lenders have returned most quickly to stabilized, cash-flowing properties, while land, pre-development and transitional assets remain difficult to finance through conventional channels. A more active conventional market also strengthens the takeout path for bridge borrowers, supporting repayment as projects stabilize and reach the point where permanent financing becomes available. Fairbridge believes the pattern of loan extensions and modifications over the past two years has concentrated refinancing needs into a compressed window, and that sponsors carrying transitional assets through that window continue to require capital structures that conventional lenders are not positioned to provide.

“We believe what separates managers in the middle-market segment is not access to transactions, but what happens after a deal closes,” said John C. Lettera, Co-Founder and Partner of Fairbridge Asset Management. “This part of the private credit market remains fragmented, and manager practices vary across the middle-market private credit landscape. We aim to manage vehicles with various risk profiles to enable us to manage credit through a full cycle rather than just through a favorable one.”

Looking ahead to the remainder of 2026, Fairbridge believes borrower demand for private real estate credit will remain elevated as refinancing needs persist and conventional lending recovers unevenly across property types and project stages. The firm believes these conditions will create opportunities for lenders with established sourcing networks, credit processes, and the ability to manage assets actively when a transaction does not follow its original plan.

About Fairbridge Asset Management

Fairbridge Asset Management brings together a team of experienced professionals with more than a century of combined expertise spanning finance, lending, law, and asset management — bringing together a depth and breadth of experience within the private credit landscape. Focused on the origination, underwriting, and active management of a portfolio of tailored, structurally complex real estate bridge loans, Fairbridge aims to deliver decisive, flexible, and innovative capital solutions for real estate professionals seeking to capitalize on time-sensitive and opportunistic transactions. As a portfolio lender, Fairbridge seeks to oversee its investment vehicles using a structured approach designed to provide the sophistication that today’s dynamic and competitive market demands. For additional information, please visit www.fairbridgellc.com.

DISCLAIMERS:

This material is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or investment advisory service. Any reference to investment vehicles is for informational purposes only and does not constitute an offer to invest. Interests in Fairbridge investment vehicles are offered only through applicable offering documents and are available solely to investors who satisfy applicable eligibility, suitability, and qualification requirements. Certain investment vehicles referenced may be closed to new investors.

Certain statements contained herein may constitute forward-looking statements and are based on current expectations, estimates, projections, assumptions, and beliefs. Forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from those expressed or implied. There can be no assurance that any investment objective will be achieved or that any investment strategy will be successful. Past performance is not indicative of future results, and there can be no assurance that similar results will be achieved in future periods. References to origination activity, loan volumes, deal flow, pipeline activity, or borrower demand are provided for informational purposes only, do not represent investment performance, and should not be interpreted as a measure of investment performance or as indicative of the performance of any client account, fund, or other investment vehicle. Pipeline, deal flow, and borrower demand metrics do not represent committed transactions and may not result in completed investments.

Market views, opinions, and commentary are expressed as of the date hereof, are subject to change without notice, and should not be relied upon as investment, legal, accounting, or tax advice. Nothing contained herein should be construed as a recommendation to buy, sell, or hold any security or to adopt any particular investment strategy. Information obtained from third-party sources is believed to be reliable; however, Fairbridge has not independently verified such information and makes no representation or warranty regarding its accuracy or completeness.

All investments involve risk, including the possible loss of principal, illiquidity, and market-related risks. References to investment processes, underwriting, risk management practices, selectivity, discipline, experience, or sourcing capabilities are intended solely to describe Fairbridge’s general investment approach and should not be construed as guarantees of performance, investment results, or risk mitigation. Fairbridge Asset Management LLC is an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Additional information regarding Fairbridge Asset Management LLC is available at www.adviserinfo.sec.gov.

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