While distress is increasing across commercial real estate debt — particularly in office, retail, and lodging — the market is beginning to move beyond the old “extend and pretend” playbook.
We’re seeing more meaningful resolutions emerge, including:
- Longer loan extensions
- Discounted payoffs
- Receivership sales
- Creative structures like A/B notes
With a large wave of maturities still ahead, the takeaway is simple:
Start early and understand your options.