# The New Reality of Market Cycles & Lending Strategy with Gil Figueroa Part 1 #955 Page: https://stenobird.com/podcast/the-norris-group-real-estate-radio-show-and-podcast-1067379/the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955 Text version: https://stenobird.com/podcast/the-norris-group-real-estate-radio-show-and-podcast-1067379/the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955.md Podcast: [The Norris Group Real Estate Radio Show and Podcast](https://stenobird.com/podcast/the-norris-group-real-estate-radio-show-and-podcast-1067379) Published: 2026-04-17T07:00:00+00:00 Episode link: https://www.buzzsprout.com/1218563/episodes/19030222-the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955.mp3 Audio file: https://www.buzzsprout.com/1218563/episodes/19030222-the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-norris-group-real-estate-radio-show-and-podcast-1067379/episodes/the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955 Duration seconds: 1302 ## Resource In this episode of The Norris Group Real Estate Podcast, Bruce Norris sits down with Gil Figueroa, President of First Commercial Capital, for Part 1 of a deep dive into commercial real estate, market cycles, and lending strategy in today’s higher-rate environment. Gil breaks down how interest rates, the 10-year Treasury, cap rates, and investor psychology all interact to influence real estate valuations and decision-making. The discussion also explores lessons from the 2007–2008 financial cri... ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-norris-group-real-estate-radio-show-and-podcast-1067379/episodes/the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-norris-group-real-estate-radio-show-and-podcast-1067379/the-new-reality-of-market-cycles-lending-strategy-with-gil-figueroa-part-1-955.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.