Distressed Property Experts Predict 2023 May Be A Busy Year
Hilco Real Estate Senior Vice President Steve Madura, who specializes in distressed assets, forecasts that $500 billion of commercial mortgage loans coming due over the next few years will lead ‘likely lead to a high demand for’ his services. “The combination of rising interest rates and a basically frozen capital market has created what Madura calls a “distress bubble’ that will impact CMBS, private lenders, private equity and eventually main street.” Bisnow December 20, 2022. I recently had lunch with a number of commercial real estate investors who anticipate bargain purchase opportunities beginning sometime mid-2023. We shall see…