For many borrowers, volatility has been more challenging to manage than high interest rates. Next year, stability is likely.

Where will rates be a year from now? What about the 10-Year Treasury? While no one can predict the market, most people don't expect crippling differences in just 12 months. For the last two years, however, volatility has challenged the commercial real estate industry.

Next year, Berkadia CEO Justin Wheeler is optimistic that the instability may finally wane, and borrowers may be able to look forward to more reliable market patterns. In this podcast episode, Wheeler sits down with reporter Kelsi Maree Borland to talk about:

• The firm's 15-year anniversary, and how the market has changed since its inception and how Berkadia has evolved to meet market demands
• How the Fed's two rate cuts have increased borrower confidence
• Expectations for interest rates and the 10-Year Treasury next year