🏗️ What Is a Capital Stack in CRE? | Understanding the Building Blocks of Real Estate Finance 💰

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 22/10/2025

🏢 What Is a Capital Stack in Commercial Real Estate (CRE)? In commercial real estate (CRE), understanding the capital stack is essential — it’s the foundation that determines who gets paid first, who takes the most risk, and how returns are distributed. Whether you’re a developer, investor, or lender, knowing how a deal’s capital stack is structured gives you a clearer picture of potential risk and reward.