Commercial Real Estate Loan Maturity, Addressed on Your Terms.
When a commercial real estate loan approaches maturity, an owner's options narrow with every month that passes. Lenders slow down near year-end, appraisals and third-party reports take weeks, and an extension, if offered, often comes at a price set by the lender alone.
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Starting six to twelve months early changes that. It leaves time to review the loan and the property, compare refinance proposals from banks, life insurance companies, agency lenders, and debt funds, and weigh a refinance against a sale before a deadline makes the choice for you.
WHEN DOES YOUR LOAN MATURE?
The best time to start. Review the loan, the property, and your goals, then set a clear plan before lenders or rates set it for you.
Time to go to market. Package the request, then compare lender proposals side by side, while there is still room to negotiate terms.
Every option still matters. We move quickly to compare a refinance, an extension, and a sale, so the deadline never decides for you.
[01]
Review
We begin with the loan documents and the property: the maturity date, extension options, prepayment terms, reserves, and guarantees, alongside current income, occupancy, and value. Your objectives for the next hold period set the direction.
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What we review: loan documents, rent roll and operating statements, capital needs, the cost of prepaying existing debt, and how much can be refinanced at current leverage.
[02]
Compare
We package the request and present it to banks, life insurance companies, agency lenders, and debt funds whose programs fit the property. Proposals are compared side by side on rate, leverage, structure, and recourse.
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When a sale may serve you better, we coordinate with our investment sales practice so a refinance and a sale can be weighed side by side before you commit.
[03]
Negotiate
Once a lender is chosen, we negotiate the terms that matter beyond the rate: prepayment, recourse, reserves, covenants, and extension options.
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We stay involved through the term sheet, third-party reports, and closing, coordinating with your attorneys so the new loan is in place before the current one comes due.
SIGNS IT'S TIME TO START
When to Call Before the Lender Does.
Maturity Ahead
Your loan comes due within the next 24 months. Lenders, appraisers, and third-party reports all take time, so the work starts now.
A Changed Property
Income, occupancy, or value has moved since your loan closed, and the next lender will underwrite the property as it stands today.
A Rate Reset
A rate adjustment or the end of an interest-only period is coming, and your new payment may no longer fit what the property earns.
You are weighing whether to hold or to sell. Pricing a refinance and a sale side by side shows which one better serves your plans.