Byline Bank’s Commercial Real Estate Group (BCREG) closed out December 2025 with five financing transactions totaling $43 million, all completed with returning BCREG borrowers. The transactions spanned industrial outdoor storage, multi-tenant industrial, self-storage and flex industrial assets across Illinois, Ohio, Wisconsin and New Jersey.  

The deals were primarily structured as refinancings, bridge loans and permanent financings, reflecting a broader market shift away from new construction and toward recapitalization and stabilization strategies. Several transactions were completed under accelerated timelines to meet year-end deadlines, highlighting the community bank’s speed, agility and deep focus on customer needs.  

Funding details of each transaction include: 

• A $10.3 million bridge loan for a 12-acre industrial outdoor storage property in Southern New Jersey 

• A $4 million value-add bridge loan for 96,000 square feet of industrial space in Dayton, Ohio 

• $12.75 million in permanent funding for a 100,000-square-foot self-storage facility in Chicago, Illinois 

• An $8.75 million term loan for a multi-tenant industrial property in Cleveland, Ohio 

• $7.2 million in permanent financing for a stabilized industrial building in Oak Creek, Wisconsin 

“These year-end transactions highlight the importance of disciplined underwriting, responsiveness, and long-term partnerships,” said Sarah Hunter, Senior Vice President of BCREG.   

“As we move into 2026, we see the bank-lending market focused on refinancing and repositioning/adding value to existing assets with some selective development,” added Matt Robertson, Senior Vice President of BCREG at Byline Bank. “We remain focused on supporting experienced, best-in-class sponsors with smart, tailored capital solutions.”  

Collectively, these transactions underscore key themes shaping the 2026 CRE market, including increased refinance activity, sustained demand for bridge and value-add capital, and a renewed role for community banks as borrowers move away from private debt in search of stability and relationship-driven bank financing. In 2025, BCREG closed over $350 million in CRE commitments.  

About Byline Commercial Real Estate Group
Byline’s Commercial Real Estate Group (BCREG), headquartered in Chicago, provides first mortgage construction, bridge and permanent loans secured by properties in the Chicagoland area as well as nationwide for Tier One customers. Since 2014, BCREG has closed $3 billion in commitments for its target market, focusing on multifamily (including student housing and active adult), industrial, self-storage and retail properties. 

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