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Analysis

Real Estate Roundtable Calls for a CRE Troubled Debt Restructuring Program

The association says a TDR is needed to help CRE borrowers and lenders.

The Real Estate Roundtable called on regulators to reinstitute a “troubled debt restructuring (TDR) program for commercial real estate that would give financial institutions increased flexibility to refinance loans with borrowers and lenders.”

Worry about liquidity in the industry is understandable. As GlobeSt.com has frequently reported, many projects are caught. Initial financing several years ago came under historically low rates and favorable terms. As the need to refinance comes up, many investors find themselves pressed by higher rates and lower loan-to-value ratios, which can make deals unviable.

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Erik Sherman

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