Are You Sitting on a Legacy Debt Time-Bomb?

Across the CRE market, we’re seeing a sharp divide:

→ Loans originated in 2021-22 now facing refinancing pressure as rates stay elevated.

→ Meanwhile, new loan originations are coming in with stronger terms, tighter underwriting, and private credit stepping in aggressively.

It’s becoming a two-sided market:

Legacy debt = stress and survival.
New capital = structure and opportunity.

And in between those two?
Billions in assets that need to be restructured, not liquidated.