CREFC has everything you need to grow your career and stay current with the industry. Learn More
Attend conferences, Seminars, Webinars, and networking opportunities designed to keep you informed and connected. Learn More
Collaborate with leaders and peers across the commercial real estate finance industry. Learn More
Stay ahead with updates on key legislative and regulatory developments impacting the CRE finance industry. Learn More
Access a wealth of tools and materials to expand your knowledge and expertise. Learn More
June 3, 2025
Elon Musk resigned from his role as a special government employee leading the Trump Administration’s Department of Government Efficiency (DOGE) last week.
By the numbers: Musk's tenure at DOGE was marked by ambitious goals to reduce federal spending by up to $2 trillion. "I think if we try for 2 trillion, we've got a good shot at getting 1,” Musk said earlier this year, according to Reuters. He described the $2 trillion target as a "best-case outcome." However, DOGE has only reported savings of approximately $175 billion, a figure that has been met with skepticism due to questions over data accuracy and the broader economic impact of the implemented cuts. DOGE’s cost-cutting efforts have sought to reduce the federal workforce through a variety of firings, buyouts, and planned reductions in force.
Contact James Montfort (Jmontfort@crefc.org) with any questions.
News Archive
Real estate market participants and other industries with a global investor base are raising concerns about a provision that would expand Treasury’s authority to impose retaliatory taxes on foreign direct investment in the U.S.
Why it matters: The One Big Beautiful Bill contains a provision—Section 899—that would allow Treasury to impose annual tax increases of 5% on any foreign individual, government, corporation, trust, foundations, etc. in response to unfair tax treatment against the U.S. The increases are capped at 20%, which is in addition to any existing tax the entity pays.
The Republican reconciliation legislation—One Big Beautiful Bill— heads to the Senate as Congress returns from its Memorial Day recess.
Why it matters: The bill will extend many of the 2017 Tax Cuts and Jobs Act (TCJA) provisions and deliver on many of the President’s campaign priorities.
The big picture: The Senate is expected to leave its imprint on the bill, though key changes will likely focus on several controversial items. A variety of factions will make the path in the 53-47 Senate tricky, but House leaders argue the 220-213 House chamber is harder to pass.
The mission of the Young Professionals (YP) Network is to provide a platform for junior CRE finance professionals to foster meaningful business relationships and gain relevant industry knowledge through networking events, seminars and panels.
YP programming events are developed by YPs – so the content is current and applicable in their daily work. Each YP educational event includes a networking aspect to build and foster industry relationships with both peers and seasoned industry leaders. YPs are surveyed by region for ideas for future programming to ensure educational and industry needs are met.
Additionally, there are networking only events held in a more relaxed atmosphere where YPs can mingle among their peers.
There is a discounted rate to conferences and seminars for those CREFC Members 30 years of age or younger. To sign up for the 30 and Under Program Rate join the network and ensure that you check off the box “I would like to sign up to receive the “30 and Under Program Rate”. You will be required to submit photo ID to be approved for the discounted program rate. Sign up TodayCREFC members Only
Take your career to the next level with our programming, mentoring, career planning, and continuing education. Sign up
CREFC’s Government Relations team serves as the primary interface between the CRE Finance industry and policymakers. Through a collaborative process with our members, CREFC engages with legislators, regulators, and other policy stakeholders to advocate for policies that promote the interests of our membership and the broader industry. By joining a CREFC Forum, members are able to participate in the creation of official policy positions and will gain access to regular updates from our Government Relations team on the latest regulatory developments. View our recent policy wins and sign up for a CREFC Forum below to join our advocacy efforts and make a difference in the direction of our industry. Please contact David McCarthy with any questions.
Sign Up for Forum
Read the latest issue of CREFC's weekly Policy and Capital Markets Briefing
CREFC’s Policy Tracker includes a variety of visual aids and updates to help members understand, track, and analyze key policy issues affecting the CRE and multifamily finance industry.
CREFC’s Property Risk & Resilience Committee serves as both an educational resource and advocate for the commercial real estate finance industry, providing insight into how macro-level environmental and regulatory trends intersect with financing decisions.
For our weekly government relations and industry policy briefings, please visit our Document Resource Center. The Document Resource Center contains CREFC position papers, analyses, testimony, and other policy tools.
Sign up for CREFC's Women's Network. Join
CREFC has teamed up with NCREIF to produce and promote the NCREIF/CREFC Open-end Debt Fund Aggregate (the “Debt Aggregate”). In short, this product will deliver a fund-level compilation of open-end debt funds providing financing to commercial and multifamily real estate borrowers/owners. The Debt Aggregate will be issued in a draft “consultation” format for at least one year, which allows time for industry feedback before it is rolled out as an official product. For questions or to get involved, contact Lisa Pendergast
Overview of Debt Fund Index (presentation slides from CREFC's September 28, 2023 Capital Markets Conference)
Watch the Video (video replay from CREFC's September 28, 2023 Capital Markets Conference)
Sign Up members only
The CRE Finance Council holds two premier conferences each year in the United States: the January Conference in Miami and the June Annual Conference in New York. Conference programming addresses the most relevant topics facing the industry, presented by recognized finance leaders.
Complementing these major conferences are After-Work Seminars, Young Professional, Women's Network, and Educational events held regularly throughout the calendar year, each of which is tailored to fit the constituencies served by CREFC.
Reset/Show All
The affairs of CRE Finance Council are managed by a Board of Governors, selected from the general membership, which meets at least two times a year. During the periods the Board is not convened, the Executive Committee has full authority to transact all CRE Finance Council business. The Executive Committee is made up of the chair, chair-elect, vice chair, secretary, treasurer, membership chair, administrative executive, as well as four additional Executive Committee members. View the CREFC By-Laws.
CREFC offers industry participants an unparalleled ability to connect, participate, advocate and learn! Join Now