Bloomberg Law
Feb. 24, 2023, 1:00 PM

Commercial Properties Are Struggling to Refinance Debt: Q&A

Erin Hudson

Many commercial property owners are struggling to refinance debt, which is creating opportunities for providers of emergency financing, said Jeff Kaplan, managing partner at Meadow Partners.

Kaplan, whose firm manages $5.8 billion of assets, spoke to Bloomberg’s Erin Hudson in a series of conversations ended Feb. 23. Comments have been edited and condensed.

What do you mean when you say you provide rescue capital?

A lot of people call it gap financing. Essentially it’s the hole in that refinancing stack — because an existing, usually senior lender is willing to lend less in proceeds than the existing loan and ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.