LoanBoss Insights

CRE Debt Intelligence

Market commentary, educational guides, and AI-powered insights from the team behind LoanBoss and Pensford.

The Debt Stack

Market Data · Aug 18, 2026

Source: Pensford

SOFR

3.66%

+3 bps

1M Term SOFR

3.65%

+1 bps

3M Term SOFR

3.73%

−2 bps

5Y Treasury

4.37%

−2 bps

10Y Treasury

4.70%

+2 bps

Fed Funds Target

3.50–3.75%

last move: cut

The data that matters for your CRE loan portfolio this week — structured, sourced, actionable.

Read This Week's Brief

From the LoanBoss Team

Latest Articles

Market commentary, educational guides, and insights for CRE debt professionals.

AI Newsletter

AI Newsletter #4: Is AI Deflationary for CRE?

Bloomberg's top economist says AI is deflationary. For CRE, the picture is more complex — AI capex is driving data center demand while efficiency gains reshape staffing. JP Conklin breaks it down.

LoanBoss Team · Jul 10, 2026 · 6 min Read More →

Compare

Best CRE Debt Management Software 2026: An Honest Comparison

LoanBoss vs Yardi, Pereview, JLL, Lobby CRE and TreasuryView in 2026. Written by the LoanBoss team — yes, we're biased, and we say so up front.

LoanBoss Team · Jul 2, 2026 · 12 min Read More →

AI Newsletter

Exception Math - The 1% That Decides Whether I Ever Hire Again

Explore how AI's automation impacts hiring decisions, emphasizing the importance of managing exceptions and the evolving role of human oversight in business growth.

JP Conklin · Jul 1, 2026 · 3 min Read More →

AI Newsletter

New Team Composition: Build/Relationships

AI is dissolving the handoffs that departments existed to manage. JP Conklin rebuilds the org chart around the only two things the business actually does: Build and Relationships.

JP Conklin · Jul 1, 2026 · 3 min Read More →

Research

The 2026 Maturity Wall: A Data-Driven Update

Original data from $250B+ in managed portfolios on the $1.1 trillion CRE maturity wall: which loans are underwater and how the refi math works today.

LoanBoss Team · Jun 26, 2026 · 10 min Read More →

Learn

T-3 vs T-12 NOI: Why Your Lender Cares and You Should Too

Trailing 3-month and trailing 12-month NOI aren't interchangeable — they tell different stories about property performance. Here's how to monitor both for covenant compliance across your portfolio.

LoanBoss Team · Jun 24, 2026 · 6 min Read More →

Learn

Defeasance Decisions in Portfolio Context: When Does It Make Sense?

Defeasance isn't a standalone calculation — it's a portfolio decision. Here's the framework for when to defease, when to hold, and how rate environments change the math.

LoanBoss Team · Jun 17, 2026 · 8 min Read More →

Rates

Consumer Confidence Is Splitting: What It Means for Multifamily Debt

Low-income confidence is falling while high-income confidence rises. What that split means for Class A vs B/C multifamily DSCR and rent growth.

LoanBoss Team · Jun 12, 2026 · 6 min Read More →

Rates

Oil at $120: How Geopolitical Risk Flows Through Your Cap Costs

The chain reaction from a Strait of Hormuz disruption to your floating-rate loan costs. How oil at $120 reprices interest rate caps, compresses your DSCR, and what to do before it happens.

LoanBoss Team · Jun 5, 2026 · 7 min Read More →

Learn

DSCR vs. Debt Yield: Which Metric Actually Matters for Your Portfolio?

DSCR and debt yield measure different dimensions of loan risk. Here's when they diverge, why your lender picks one over the other, and how to monitor both across every loan you own.

LoanBoss Team · Jun 3, 2026 · 7 min Read More →

Debt Stack

The Debt Stack — Week of June 2, 2026

Weekly CRE debt data brief: 10Y Treasury at 4.50%, Warsh confirmed as Fed chair, $280B maturity wall looming in 2026. Bridge loan extensions rising.

LoanBoss Team · Jun 2, 2026 · 3 min Read More →

AI Newsletter

Anthropic Giveth and the Government Taketh Away

Explore the implications of Anthropic's AI model shutdown amid political tensions and the risks of relying on single AI systems for business operations.

JP Conklin · Jun 1, 2026 · 4 min Read More →

AI Newsletter

The Biggest Game Changer for Us: n8n

Discover how n8n transforms workflow efficiency by automating processes, enabling teams to save hours daily and streamline operations without extensive IT expertise.

JP Conklin · Jun 1, 2026 · 5 min Read More →

AI Newsletter

The Second Biggest Game Changer for Us: Supabase

Discover how Supabase transformed data management at Pensford, enabling AI-driven insights and efficiency through structured, clean databases.

JP Conklin · Jun 1, 2026 · 5 min Read More →

AI Newsletter

AI Newsletter #2: What We're Building and Why

JP Conklin shares what LoanBoss is building with Claude for AI-powered loan abstraction — 400 fields, under 3 minutes for agency loans — and where the technology actually surprised him.

LoanBoss Team · May 28, 2026 · 5 min Read More →

Learn

Caps in Your Debt Portfolio: What to Track and When to Act

Cap costs are moving fast. Here's how to monitor your portfolio's cap exposure, when to extend or replace, and what rising vol means for your DSCR.

LoanBoss Team · May 27, 2026 · 9 min Read More →

Debt Stack

The Debt Stack — Week of May 26, 2026

Weekly CRE debt data brief: 10Y Treasury up to 4.55%, 5Y Swap jumps 8bps, oil stabilizing at $115. CMBS spreads tightening, construction starts declining.

LoanBoss Team · May 26, 2026 · 3 min Read More →

Learn

What Is Yield Maintenance? The Borrower's Complete Guide

Yield maintenance is the prepayment provision most CRE borrowers misunderstand — and the one that costs them the most money. Here's how it actually works.

LoanBoss Team · May 20, 2026 · 10 min Read More →

Learn

Yield Maintenance in Your Portfolio: What to Track and When to Act

Your yield maintenance penalty changes every day with Treasury rates. Here's how to monitor it, when prepayment makes sense, and how LoanBoss automates the math.

LoanBoss Team · May 20, 2026 · 8 min Read More →

Debt Stack

The Debt Stack — Week of May 19, 2026

Weekly CRE debt data brief: 10Y Treasury down to 4.48%, SOFR flat at 4.31%, zero cuts priced. Blackstone launches data center REIT IPO, multifamily rent growth stalls.

LoanBoss Team · May 19, 2026 · 3 min Read More →

Rates

New Fed Chair, New Playbook: What Warsh Means for Your CRE Debt

Kevin Warsh is the new Fed Chair and his instincts differ sharply from Powell's. What the handover means for rate exposure, refi timing and hedging.

LoanBoss Team · May 16, 2026 · 8 min Read More →

Rates

Goldman Sachs Just Raised $7B for CRE Debt — Here's What It Signals

Goldman raised $7 billion for CRE credit while 30-year Treasuries cross 5%. Smart money sees opportunity in debt distress — what it means for borrowers.

LoanBoss Team · May 15, 2026 · 6 min Read More →

Rates

Warsh Is In: What His First Week as Fed Chair Means for CRE Borrowers

Kevin Warsh was confirmed 54-45 — the closest vote in modern Fed history. He takes office Friday. Here's what actually changed, what didn't, and what CRE borrowers should do now.

LoanBoss Team · May 15, 2026 · 6 min Read More →

Debt Stack

The Debt Stack — Week of May 12, 2026 (Updated)

Weekly CRE debt data brief: 30Y Treasury hits 5% for first time since 2007. Warsh confirmed 54-45. Rate hike wagers reload. What it means for your portfolio.

LoanBoss Team · May 14, 2026 · 3 min Read More →

AI Newsletter

The AI Newsletter: Why We're Publishing It Here Now

JP Conklin on why LoanBoss is moving its AI newsletter to loanboss.com — and what it means for CRE professionals navigating the AI revolution.

LoanBoss Team · May 14, 2026 · 4 min Read More →

Rates

30-Year Treasury Hits 5%: What It Means for CRE Permanent Debt

The 30-year Treasury crossed 5% for the first time since 2007. What it means for CRE fixed-rate borrowing costs, refi math and portfolio strategy.

LoanBoss Team · May 14, 2026 · 7 min Read More →

Debt Stack

The Debt Stack — Week of May 12, 2026

Weekly CRE debt data brief: 10Y Treasury at 4.52%, SOFR flat, markets pricing zero rate cuts through 2026. What it means for your portfolio.

LoanBoss Team · May 12, 2026 · 3 min Read More →

Rates

Zero Rate Cuts in 2026: What CRE Borrowers Need to Do Right Now

Markets are pricing zero rate cuts through 2026. If you're waiting for rate relief to bail out your refi, stop waiting. Here's what to do instead.

LoanBoss Team · May 12, 2026 · 6 min Read More →

AI Newsletter

AI Newsletter #3: Excel, Jevons Paradox, and Why AI Won't Kill Your Job

Torsten Slok just published a Daily Spark on 'Excel and Jevons Paradox.' It perfectly captures what we're seeing at LoanBoss — AI doesn't eliminate work, it creates more of it.

LoanBoss Team · May 10, 2026 · 5 min Read More →

AI Newsletter

AI is Finally Transformational for Us

Discover how AI is revolutionizing loan document abstraction, significantly enhancing accuracy and efficiency, and transforming business operations.

JP Conklin · Mar 1, 2026 · 6 min Read More →

AI Newsletter

The Hiring Freeze Nobody Announced

Explore the impact of AI technology on hiring trends, revealing a hiring freeze in early-career roles as companies reassess their workforce needs.

JP Conklin · Mar 1, 2026 · 3 min Read More →

AI Newsletter

AI Just Started A Cult

AI technology has evolved rapidly with the rise of Clawdbot, sparking a digital revolution where autonomous agents form their own social networks and even cults.

JP Conklin · Feb 1, 2026 · 5 min Read More →

AI Newsletter

The Most Impactful 36 Months in Human History?

From his brother's “I'm going to be out of a job” text in December 2022 to $4T NVIDIA, JP Conklin's year-by-year account of the fastest adoption curve he has ever lived through.

JP Conklin · Dec 1, 2025 · 9 min Read More →

AI Newsletter

The AI Flash Boys

Explore the implications of AI advancements in industries like real estate, and why keeping pace with every trend may not be essential for survival.

JP Conklin · Nov 1, 2025 · 3 min Read More →

AI Newsletter

Beware the AI Sales Pitch - Part 1

JP Conklin asks Claude the same fixed-vs-floating question twice and gets two different answers — a hands-on look at why AI rate analysis has to be audited before you trust it.

JP Conklin · Oct 1, 2025 · 4 min Read More →

AI Newsletter

Beware the AI Sales Pitch - Part 2

Explore the dual nature of AI in sales, highlighting its impressive potential and the need for skepticism due to inconsistencies in accuracy and explanations.

JP Conklin · Oct 1, 2025 · 2 min Read More →

AI Newsletter

The Most Common Mistake is to Optimize a Thing That Should Not Exist

Exploring the pitfalls of optimizing ineffective processes, this post argues for building the right solutions instead of improving what's fundamentally flawed.

JP Conklin · Oct 1, 2025 · 2 min Read More →

AI Newsletter

Gonna Need New Haters, the Old Ones Are Starting to Like Me

Exploring the shift in perception towards AI technology, the author reflects on personal experiences and evolving industry attitudes, highlighting its transformative potential.

JP Conklin · Sep 1, 2025 · 2 min Read More →

AI Newsletter

Behavioral Economics in Software Design

Discover how behavioral economics influences the redesign of LoanBoss, enhancing user experience by catering to intuitive and analytical mindsets.

JP Conklin · May 1, 2025 · 2 min Read More →

AI Newsletter

Don’t Be a Tool

Explore the impact of AI on the workforce, highlighting the shift from blue-collar to white-collar job risks and lessons from past technological changes.

JP Conklin · Mar 1, 2025 · 4 min Read More →

AI Newsletter

Data is the raw material. Information is the output.

Discover the crucial difference between data and information, and learn how to build effective systems that prioritize valuable insights for better decision-making.

JP Conklin · Oct 1, 2024 · 3 min Read More →

Newsletters

Stay ahead of the market

Free, fast, and written by the people behind LoanBoss and Pensford.

Every Monday

The Debt Stack

Weekly CRE debt data brief. Rates, Fed watch, CRE signals, action items. 3-minute read, every Monday.

Read Latest Issue

Twice a month

AI Newsletter

Our founder's notes from inside the AI revolution — what we're building, what surprised us, what it means for CRE.

Read Latest Issue

Want JP's weekly opinion on rates? Read The Rate Guy on Pensford — irreverent, personality-driven market commentary every week.

Read The Rate Guy