Despite recent optimism for an improving CRE market in 2024, there is still reason for concern about a potential wave of distressed assets coming due to several factors – reduced property values in several sectors, softening rent growth, a higher interest rate, and tightened credit environment, and a wave of maturities coming due that will likely have trouble refinancing.
Further challenging the situation, many of the loan workout and special servicer groups that step in to address problem loans have been gutted since the last big wave of distress. Now, lenders and special servicing outfits are rebuilding, retraining, and expanding those teams to get prepared. We’re here to help!
In this webinar, Partner brings an expert panel to help lenders and special servicers brush up on the process and essential due diligence tools to help with the decision-making process for addressing non-performing loans. This isn’t the same old due diligence that is done during originations – there are many additional considerations as a lender or workout group considers the best course of action, including potentially taking title to a property.
Join our panel of CRE and due diligence professionals to hear insights and best practices on the following: