The commercial real estate distress you braced for two years ago never showed up. That should unsettle you more than if it had.

I sat down with Jason Alpert, Managing Partner of Castlebar Holdings and former banker who built Wells Fargo's distressed debt sale process from the ground up, to talk about the wave that got forecast, didn't break, and is still sitting out there waiting. The maturity wall hasn't moved. Loans underwritten in a 3% world are still coming due in this one. And the quiet you might read as "crisis averted" is the part Jason reads in the opposite direction.

There's a single condition that turns this slow bleed into the kind of reckoning that resets a market. Jason knows what it is, where the next wave is forming, and what he's watching for right now. That read doesn't come off a chart.

About Our Guest:

Jason Alpert is Managing Partner of Castlebar Holdings (https://www.castlebarholdings.com/), providing asset resolution solutions to financial institutions through purchasing or refinancing troubled CRE and C&I loans as well as delivering bank advisory and consulting services. Jason is the author of The Workout Playbook, a practical, field-tested guide for Special Assets teams, workout professionals, and credit leaders. Email jason@castlebarholdings.com for a free copy of the 4th edition. Connect further with Jason on LinkedIn https://www.linkedin.com/in/jasonpalpert/.

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First Lien Capital specializes in distressed debt and mortgage workout strategies on residential and commercial real estate. First Lien Resolutions provides Special Assets expertise to banks and funds on portfolio risk, recovery strategies, and profitable arbitrage.

Schedule a consultation with Bill Bymel to REVIVE your portfolio today ⁠https://billbymel.com/advisor/⁠⁠⁠⁠.

The Storm: Markets Meet Mother Nature is now officially released and available at Amazon and other major retailers: ⁠https://a.co/d/0gPB0yrY⁠

This book and its concepts are drawn from decades of work across real estate, mortgage portfolios, distressed debt, and special assets to open the conversation of how converging forces are reshaping markets and offering the framework for investors and institutions to navigate what comes next.

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Music: Snappy by Jonathan Boyle

Source: ⁠https://www.premiumbeat.com⁠

License: Creator License #7035351