Rob Verrone, founder of Ironhound Management, specializes in loan workouts for distressed CMBS debt. He shares insights on navigating the complexities of loan modifications during defaults, shedding light on the dynamics between borrowers and servicers. The conversation reveals the challenges faced by struggling asset classes, like malls and offices, and the critical need for quick deal closures. Verrone also discusses how anticipated interest rate changes could impact refinancing strategies, emphasizing that not all market issues are resolved through cuts.