February 2026

HIGHLIGHTS

34 Commercial Property Pulse The hotel sector closed 2025 flat, ending the ‘revenge travel’ boom as economic uncertainty and price sensitivity reshaped demand Mary Le Moody’s Analytics

Commercial Property Pulse

Mary Le

42 Tackling the Housing Shortage From fix-and-flips to ground-up construction, residential transition loans are fueling growth and affordability. See why this $30 billion market is gaining momentum Tom Davis Deephaven Mortgage

“ The slowdown in hotel demand occurs even as the Transportation Security Administration travel throughput data remains robust often exceeding pre-pandemic levels. ”

Commercial Lender Listings 39

Lender Directory 43

COMMERCIAL DISPLAY ADVERTISERS Logan Investments..................................... Inside Back Cover RCN Capital................................................................................. 33 Taylor Made Lending LLC.................................................... 35

37 The Lender's Secret Weapon Discover five overlooked clauses that protect lenders from borrower risks and hostile juries while maximizing recovery in complex business-purpose loans

T. Robert Finlay, Esq. and Michelle R. Rodriguez, Esq. Wright, Finlay & Zak

“ One often overlooked default is material misrepresentation in

loan documents. It allows lenders to act if borrowers lied about income, property value, occupancy intent or loan purpose. Without it, lenders may have no remedy. ”

32

COMMERCIAL SECTION

Scotsman Guide | February 2026

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