News & Insights

Credit spreads shown are averages based on market rate conclusions for independent debt valuations conducted as of March 31, 2025. The market spread for an individual loan may vary based on property and loan characteristics, including, but not limited to, location, tenant profile, cash flow, and sponsorship. Please use this form to request your copy of the first quarter 2026 Market Credit Spreads report from Chatham.

The purpose of this report is to present changes in lending markets across key property types for use in marking debt to market for financial reporting. The Chatham fixed- and floating-rate indices for each property type represent how coupon rates and spreads have changed. For the fourth quarter of 2025, Chatham’s market rate conclusions vary depending on the property type. Please use this form to request your copy of the Q1 2026 Lending Market Overview report from Chatham for period ending March 31, 2025.

A widening EURIBOR basis is creating an opportunity for borrowers to reduce funding costs in a higher-rate environment. By shifting from 3-month to 1-month EURIBOR and using a basis swap, borrowers can capture the spread and lower their effective interest expense.