Big shout-out to Preston on our team. He joined us just a few months ago and has already closed his first deal - with many more on the way. Steaks on us for him and his fianceé. Keep up the great work! 🚀

One of the most valuable assets a marketplace can build is the data generated by the transactions flowing through it. Our portfolio company Gumption is beginning to demonstrate exactly that. Gumption’s new Q2 Commercial Real Estate Lending Report analyzes actual offers submitted by lenders across a $642.8 million active financing pipeline, not surveys, advertised rates, or anecdotal broker commentary. A few findings: • The average CRE loan rate was 6.62% in Q2 • Private lenders averaged 9.76%, a 329-basis-point premium over banks, credit unions, and life companies • Industrial and multifamily were among the least expensive major property types to finance • Construction rates have compressed significantly from their 2024 peak, although construction remains the most expensive conventional loan type • Banks remain the most active lender category, while life insurance companies offer some of the lowest rates for deals meeting their narrower criteria The report has already been featured by Yahoo Finance, GlobeSt, and CRE Daily. This is the larger opportunity we saw in Gumption: not simply helping commercial real estate owners find financing, but building an intelligent capital marketplace that can show borrowers what lenders are actually offering in real time. Congratulations to Jonathan Dickerson and the Gumption team on turning marketplace activity into genuinely useful market intelligence. Read the report: buff.ly/RcuAGnQ

🏭 We just closed the refinance of a stabilized industrial property in North Carolina. See the winning terms below. The sponsor received ~$1.25M in net cash-out proceeds - something his incumbent lender wasn't able to offer. Read the full case study here: gumption.dev/blog/industrial…

⚡ We just closed the refinance of a mixed-use property in Knoxville, TN. We matched the deal with a bank that was relatively new in market and provided the most aggressive terms, hitting requested proceeds and a low fixed rate. If you're in need of financing for a commercial property, visit gumption.dev/ to get the most competitive terms in a fraction of the time.

In 2020, our co-founder Ward Neely was mid-construction on a $15 million mixed-use project in Birmingham. Then COVID hit. The banks that had been courting him stopped returning his calls. He had a hospitality component in the deal and nobody wanted to touch it. In desperation, he sold the project to a private equity firm. That same PE firm turned around and refinanced the property through an out-of-state lender Ward had never heard of. Ward had 15 years of experience. He knew plenty of lenders. But he didn't know the right lender at the right moment. That experience led to a question: In today's modern age, why is it still so difficult to find debt for commercial real estate? We ran 75 interviews with commercial property owners and developers. They all agreed: finding the right lender for the right deal at the right moment was a common problem across the industry. Nobody had built the infrastructure to fix it. So in 2023, we built Gumption to be that infrastructure. Our CEO Jonathan Dickerson sat down with Authority Magazine to share more of the story - and where we're headed with AI in commercial real estate finance. medium.com/authority-magazin…

Please join us in welcoming John Brooks to the team! Gumption is building out its national originations platform, and we're thrilled to have John leading the charge on the West Coast and beyond. John brings 15+ years of experience across commercial real estate finance, capital markets, debt, and equity with a track record of closing complex deals across the full capital stack. Connect with John at john.brooks@gumption.dev to discuss your next deal, or submit a loan request here: app.gumption.dev/register

There's an amazing mixed-use development coming to downtown Chattanooga. These are the new headquarters for the Chattanooga Football Club, and their Chief Business Officer Chad Emerson treated us to a tour last Friday. What they've built at CFC is on par with any major league team facility, and we're excited to see the continued growth of the Club.

The FirstBank crew is top notch and they are in growth mode. We had a great time with them at the Chattanooga Lookouts game last night. What started as a casual evening turned into hours of great conversation with their broader executive team. It's a reminder that some of the best connections happen outside the office. Here's what stood out: FirstBank is expanding their footprint fast. You can feel it in how their leadership talks about the future – they're pushing hard but always with a clear purpose. They're expanding strategically and thoughtfully. Thanks for the invite 🙏 Also, the new stadium is incredible.

First wave of big bank earnings just dropped. Commercial real estate loans are showing stability. That's a strong signal for the CRE industry with all of the volatility we've seen. Loan spreads are tightening across major property types. Multifamily is leading the way. Banks are lending again, and confidence is building. For developers and property owners who've been waiting on the sidelines, this is the green light. The financing environment is improving, and the market is moving. If you've been putting off that refinance or new project, now is the time to start the conversation. Our mission at Gumption is to power the flow of capital that shapes our cities. We're here to help you find the best terms in market. Get started: gumption.dev/ Read more here: costar.com/article/812549806…

🏨 We just closed financing for the ground-up development of a new Woodspring Suites product in central Florida. See terms below. If you have a hotel project in need of financing, submit it to gumption.dev and we'll get you the best terms in market.

📣 Gumption is expanding in the Midwest. Brett Connelly recently joined Gumption as Vice President of Capital Markets, based in Cincinnati. Brett brings deep CRE experience from JLL. Spanning acquisitions, asset management, and investment strategy across the Midwest. Now he's putting that expertise to work helping investors and developers source competitive financing through our platform. Why Cincinnati? Secondary markets like Cincinnati often miss out on institutional capital. Big banks and CMBS lenders focus on gateway cities, creating a gap for borrowers who need a strong advocate. The parallels to Chattanooga are striking: both are mid-sized river cities often underestimated. Both have strong tech communities built on local effort, not just big venture capital. These are exactly the markets where local relationships close deals. Brett's local presence is how we serve clients across Ohio, Kentucky, Indiana, and beyond. If you're looking to finance or refinance commercial real estate in the Midwest, visit our website at gumption.dev. Read the full announcement: chattanoogan.com/2026/4/7/51…

🐶 We sourced financing for a net lease retail acquisition in Oregon last week - check out the terms below. If you have a commercial real estate project in need of financing, visit gumption.dev and we'll provide your deal with the most competitive term sheets in the market.

🏠 We arranged a cash-out refinance on a multifamily property here in Chattanooga - check out the terms below. Visit gumption.dev if you own a property in need of financing.

We just got back from ICSC Carolinas in Charlotte. Many of the developers and investors we spoke with were actively searching for deals or already had acquisitions in progress, and the outlook was positive despite current economic uncertainties. It was great to connect with some of you there, and we look forward to seeing you in Las Vegas!