Reworking Commercial Real Estate Loans in a Distressed Market: Preventing Defaults and Mitigating Near-Term Losses
Real Estate attorney Herman Lipkis will join a Strafford webinar on the current distressed commercial real estate (CRE) market and how lenders can approach performing or non-performing loans in light of potential market turbulence. Real estate finance industry trade groups have predicted a 15 percent annual drop in CRE lending for 2023 because of challenges resulting from rising interest rates, market slowdowns and increased remote work. These challenges pose particular problems for loans secured by certain asset classes like office buildings, and with a large number of maturities coming due, the CRE lending landscape is expected to become especially difficult for both borrowers and lenders. During this discussion, the speakers will dive into the implications of the current CRE market for existing and future real estate finance transactions as well as present steps lenders can take now to mitigate defaults and near-term losses on current and future loans.