Extend and Pretend? CRE Refinancing and the CMBS Market
20 Oct 2026
Coral 2
Mortgage Credit
With billions of dollars of commercial real estate debt approaching maturity, refinancing risk remains one of the defining challenges facing the CRE market. Examining funding availability, extension strategies, special servicing activity, sector-specific performance, valuation resets, and capital markets execution across the CMBS landscape; and assessing how borrowers, lenders, and investors are navigating the next phase of the commercial real estate cycle.