Commercial real estate sponsors who start working now on contingency plans for their future capital needs will be better-positioned to weather a recession than those who allow a sluggish economy to overtake them with a “wait-and-see” approach.
The prudent path for sponsors, even those with assets that are currently performing, is to plan now. The likelihood of a better outcome increases with thoughtful and advanced planning, should fortunes turn.
Read the five actions to take now to prepare for restructuring: Commercial Property Executive