Distressed Capital Resources Founder and President William “Bill” Lobel recently shared insights into tactics to manage distressed finances in an article in JD Supra. Titled “Q&A: Why Real Estate Investors Must Plan for the Possibility of Distressed Assets,” the article examines factors that could drive an economic downturn in the coming months and the impact it would have on retail property owners, real estate investors, and other business leaders. Lobel recommends taking steps to mitigate the risk of bankruptcy before the situation becomes more severe.
“The important thing is that the real estate or business owner recognize the looming risk and take immediate steps to address that risk,” said Lobel. “It seems advisable to address distressed financial assets by restructuring now. Lenders still are hesitant to exercise their rights to bad loans and foreclose on properties now, but that approach is likely to change in the coming months.”
Read the full article HERE.