Reworking Commercial Real Estate Loans in a Distressed Market: Preventing Defaults and Mitigating Near-Term Losses
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will explore the current commercial real estate (CRE) market and how lenders are handling performing or non-performing loans in light of pending and upcoming market turbulence. The panel will also discuss adjustments to existing transactions now and new provisions to explore in loan agreements going forward.
Outline
- Overview of the current CRE market
- Interest rate woes
- Number of loans nearing maturity
- Market outlook
- Types of lenders/deals most negatively impacted by the current market
- Common distress scenarios
- Workout viability in the current market
- Trending solutions
- Lender remedies
- Practical steps to mitigate defaults and avoid losses
- Default letters
- File review for lenders and borrowers
- Pre-negotiation agreements
- Loan modifications
- Forbearance agreements
- Strategies and key takeaways
Benefits
The panel will review these and other key issues:
- How should loan documents address commercial and retail tenant defaults due to the current market pressures?
- What changes may be necessary to debt-service coverage ratios and other covenants to avoid loan defaults or cash management triggers?
- How should loans involving future disbursements be tailored to address economic uncertainty?
- How should loan terms be structured to account for the Federal Reserve's current approach to rate cuts?
Faculty
Marcia K. Owens
Partner
Honigman
Ms. Owens represents clients on a wide range of real estate matters, from finance and workouts to leasing and... | Read More
Ms. Owens represents clients on a wide range of real estate matters, from finance and workouts to leasing and development. She has experience in retail, office, industrial, and mixed-use transactions, with a particular concentration in retail development and leasing and the restructuring and workout of loans and distressed assets. Ms. Owens has represented clients in numerous transactions involving acquisitions and dispositions (including vacant, improved or income-producing assets), complex debt and equity financing, retail leasing (including the negotiation of leases with national department stores, big box retailers, junior anchors, grocery stores and national small shop tenants), and complex development and reciprocal easement agreements.
Close
Jon S. Robins
Shareholder
Greenberg Traurig
Mr. Robins handles a broad range of finance, equity investment, and real estate activities for clients in the private... | Read More
Mr. Robins handles a broad range of finance, equity investment, and real estate activities for clients in the private equity fund, capital market, institutional lender, REIT, hedge fund, developer, owner/operator, corporate, and investor space. For more than two decades, he has represented lenders and equity providers, including conduit lenders, banks, insurance companies, family offices, and private equity funds, in diverse matters such as the formation of joint ventures, structuring and making preferred equity investments, the origination, purchase, sale, restructuring, and enforcement of mortgage loans; mezzanine and construction loans; subordinate ("B") notes; participation and co-lender interests; and in structuring and negotiating inter-creditor, co-lender, and participation and servicing agreements. In complex and novel structures of mortgage and mezzanine loans, he often represents CMBS lenders and borrowers.
CloseEarly Discount (through 08/22/25)
