Hookson Square Hookston Square is a two-building suburban office campus.

SAN MATEO, CA—There is a still-growing market demand for commercial real estate refinancing as owners move to capture a property’s greater potential in its local market, says private lender Redwood Mortgage. Another big driver for 2017 is CMBS loan maturities, which were expected to hit $6.7 billion in March alone and $108 billion for the year, according to Trepp LLC.