CRE Refinancing Under Pressure: Test the Extension and the Exit

Commercial Observer’s November 4 report by Andrew Coen describes reduced patience for extending troubled multifamily loans. For a maturing commercial loan, confirm the written conditions for any extension before treating extra time as available. Compare the dated payoff and closing costs with usable refinance proceeds, keeping reserves separate. If bridge financing is considered, identify the work, sale or refinancing needed for repayment and model a slower exit. Include carrying costs and any additional owner contribution. Fast Commercial Capital can discuss the property and financing objective through its advisory process. An engagement does not extend the existing loan or guarantee new financing. Current documents and reviewed terms should guide the next decision.