15. What CMBS Borrowers Need to Know in COVID Times

In this special episode, we welcome Tammy and David Goldfisher from The Henley Group, borrower advocates and experts in CMBS loan restructuring. With loan forbearance being top of mind for many in commercial real estate, Tammy and David share their insights into the borrower and special servicer negotiation process and discuss what they are seeing on the ground. Episode Notes: What type of forbearance agreements are happening right now? (5:19) What makes a borrower negotiation successful? (9:53) Negotiation process by property type (13:11) Parallels to the last financial crisis (17:13) Will retail borrowers be able to find relief? (22:44) Predictions on potential structural changes in CMBS (27:56) Challenges for borrowers in the special servicing process (29:55) Macro-economic expectations (38:27)