Navigating the Current Distressed CMBS Market: Strategies for Borrowers and Lenders; Opportunities and Challenges

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Course Details
- smart_display Format
Live Online with Live Q&A
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Real Property - Finance
- event Date
Tuesday, December 9, 2025
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Live Online
On Demand
This program will discuss the opportunities and challenges in the current distressed commercial mortgage-backed securities (CMBS) market. The panel will explore the current market conditions and trends and provide guidance for navigating complex loan restructurings and strategic asset management from the perspective of both borrowers and lenders.
Faculty
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Mr. Silverman represents national financial institutions, CMBS special servicers, fintech companies, and non-bank lenders in complex loan workouts, creditors' rights, loan enforcement, and bankruptcy matters. He helps clients recover what they are owed when borrowers and guarantors fail to meet their obligations. Mr. Silverman focuses on creditors’ rights, loan workouts and enforcement, and bankruptcy, representing clients working out loans across various asset classes, including office, multifamily, retail, hospitality, health care, and industrial. His bankruptcy work includes representing secured and unsecured creditors in preference claims. Mr. Silverman’s diverse practice includes helping clients resolve contract disputes, post-judgment collections, fraudulent transfer claims, complex business divorce issues, and other commercial litigation. He frequently speaks, writes, and comments on the CMBS industry and loan enforcement topics.
Description
With the wave of CMBS loans coming due, a dramatic increase in the special servicing rate, and a spike in delinquency rates, the CMBS market is showing signs of significant distress. Despite this distress, the CMBS issuance rate remains strong. These market conditions have created both challenges and opportunities for borrowers, lenders, and investors.
In the current market, when a CMBS loan misses its maturity date, many lenders and borrowers have engaged in loan modifications, extensions, or even foreclosure. The most common resolution has been a loan extension to grant the borrower temporary relief in hopes that their financial situation will improve. An extension also allows a lender to potentially delay big losses. However, loan extensions are adding stress to an already distressed market because the balance of unresolved debt continues to grow.
Counsel for lenders and borrowers must carefully consider the ramifications of loan modifications and extensions in conjunction with other economic factors such as rising interest rates and declining property values which have left some borrowers in a negative equity position.
Listen as our authoritative panel discusses the current state of the CMBS market and evolving trends and provides strategies for both borrowers and lenders to prepare and respond to distressed loans.
Outline
I. Overview: the evolution of the CMBS market
II. Current CMBS market conditions and trends: surge in distressed loans accompanied by a rise in CMBS issuance
III. Sectors experiencing the greatest amount of distress vs. sectors that are rebounding
IV. Actions lenders and borrowers should take now to respond to distressed loans in the future
V. Loan restructuring and asset management strategies from the perspective of both borrowers and lenders
VI. Challenges and opportunities
VII. Predictions for the CMBS market in 2026 and beyond: trends and developments to watch out for
VIII. Practitioner pointers
Benefits
The panel will address these and other key considerations:
- What are the current and evolving CMBS market conditions?
- What sectors are experiencing the greatest amount of distress?
- How have loan extensions contributed to the distressed CMBS market?
- In what ways have workout/modification strategies changed over the last year to accommodate the number of distressed loans?
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