As the commercial mortgage-backed securities (CMBS) market adapts to rapid changes in both capital markets and technology, Private Debt Investor explored how AI is being integrated into underwriting and valuation models. Axonic Capital’s Co-CIO Matt Weinstein offered Chris Faille his perspective on how emerging tools are intersecting with investment judgment.
“As long as you are feeding AI the right questions, it can help with valuations,” Weinstein noted. “But you do need human judgment grounding this assessment.” He added that new technologies are beginning to shape the entire commercial real estate debt lifecycle, from origination to value creation.
The piece notes that CMBS issuance continues to accelerate, with many deals now structured on five-year terms. It also points to emerging trends like data centers serving as collateral, all within a market still shaped by opacity and modeling complexity. As AI adoption increases, so does the need to balance model sophistication with fundamental oversight.
Click here for the full article. For more on how Axonic is approaching technology and judgment in commercial real estate credit, reach out to us.