We expect evidence of distress to ramp up this year as loan extensions end. Many borrowers will be forced to either inject new capital, return assets to lenders or sell into a soft market. Those assets returned to lenders will also ultimately end up on the market, helping bring greater pricing clarity and more substantial valuation markdowns.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.