With the outlook as bleak as it is, what options do distressed owners have? They have a few, albeit none that many owners are likely to describe as attractive. Even so, mortgage brokers can play a positive role in helping their clients through this difficult time. Brokers may help distressed owners and developers seek refinancing for their loans. When refis are unavailable, brokers can point clients to other options, such as recapitalizing their loans. Before suggesting specific assistance options, brokers must first understand the market reality confronting troubled property-owners. There are a few primary distress factors that are adversely affecting some owners’ ability to refinance maturing debt.
To restructure the capital stack effectively, distressed owners and developers will require someone with extensive market focused expertise along with rigorous, highly disciplined due-diligence skills. Equally important is having access to a wide-reaching network of active, well-funded private investors who are willing to recapitalize those properties that need refinancing.
If you have any questions, please feel free to contact me via email tkellett@remingtonfg.com
Thanks for your time.
Sincerely,
Tyler D Kellett
The lights are still on in this market....
Tags: andy bogdanoff, commercial property financing, Commercial Property Lending, Distressed Owner Recapitalization, Remington, tyler kellett