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Private Lending Market Report – May 2026: Record Loans per Business Day Despite Rising Rates
More than 6,500 bridge and DSCR loans closed in May as private lending demand remained resilient, even as Treasury yields and mortgage rates reached their highest levels in months.
By Nema Daghbandan, Esq., CEO at Lightning DocsJune 16, 20266 min read
May reflected continued normalization in broader lending markets as rising 10-Year Treasury yields and consumer mortgage rates disrupted the long decline of bridge and DSCR interest rates. Even so, underlying demand for private lending remained strong, with both bridge and DSCR activity demonstrating resilience and, in one key respect, record-breaking efficiency.
While total monthly volume decreased slightly from April levels, May delivered the highest loans per business day on record across the platform. With only 20 business days in the month, activity concentration reached an all-time high, reinforcing that demand did not weaken. Instead, it remained compressed into a shorter operating window.
Across both bridge and DSCR lending, more than 6,500 loans were closed in May, underscoring continued strength in investor and development financing channels even as rate conditions shifted.
Macroeconomic conditions remained an important backdrop.
About the author
CEO at Lightning Docs
Lightning Docs is a proprietary cloud-based software which produces business purpose mortgage loan documents nationally. As a Real Estate Finance Attorney and Partner at Fortra Law, the nation’s largest private lending law firm, Mr. Daghbandan has unique expertise in understanding the needs of private mortgage lenders. Mr. Daghbandan has been recognized by his peers in the legal community as a Super Lawyers® Rising Star from 2016-2022. Only 2.5% of attorneys receive this distinction. He also received a perfect 10/10 rating from attorney review site AVVO®.
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