Distress is building in the CRE market—and borrowers are running out of room as opportunistic investors prepare to jump in. The power duo Tammy and David Goldfisher of The Henley Group join the LightBox team to break down what’s really happening behind the scenes with distressed commercial real estate assets, workouts, and the evolving capital markets landscape. With over 30 years of experience each in lending, advisory, and CMBS workouts, they specialize in helping owners navigate distressed assets and save their properties. They explain why we’re still early in the distress cycle, where borrowers are making critical mistakes, and how loan workouts today look very different from the COVID-era playbook. From the hidden risks in floating-rate multifamily loans to the long grind ahead for distressed office assets, they offer a clear-eyed view of where the cracks are widening—and what lenders want to see from borrowers now.
Don't miss their take on why early engagement matters, where capital markets are surprising to the upside, and why this cycle will reward those who move early—not those who wait for a rescue.
01:26 Current Market Conditions and Distress
02:09 Loan Maturity and Valuation Gaps
04:38 Lender and Borrower Dynamics
10:09 Valuation Disputes and Market Transparency
14:25 Office Sector Challenges and Bright Spots
18:51 Common Misconceptions in Special Servicing
21:11 Optimal Timing for Borrower Engagement
23:40 Market Forecast and Liquidity
30:02 Unexpected Turnaround Stories
Have questions for the pod team? Send them to Podcast@LightBoxRE.com.
www.lightboxre.com
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Intentionally Disturbing
Join me on this podcast as I navigate the murky waters of human behavior, current events, and personal anecdotes through in-depth interviews with incredible people—all served with a generous helping of sarcasm and satire. After years as a forensic and clinical psychologist, I offer a unique interview style and a low tolerance for bullshit, quickly steering conversations toward depth and darkness. I honor the seriousness while also appreciating wit. I’m your guide through the twisted labyrinth of the human psyche, armed with dark humor and biting wit.