As commercial real estate credit continues to reset, Bloomberg’s Scott Carpenter reports that rising CMBS delinquencies and stalled loan resolutions are pushing more institutional investors to reassess risk and reposition for what comes next. Axonic Capital’s Co-CIO Matt Weinstein shared his perspective on where that shift may lead: “As downgrades and new appraisals go through, there’s going to be owners of loans and bonds that need to sell.”
The article outlines how legacy loan modifications, extended maturities, and declining property valuations are weighing on recovery expectations, especially in the office sector. While some investors see opportunity where high-quality assets are mispriced due to structural pressures, Weinstein pointed to a potential wave of forced sellers as downgrades and new appraisals reset valuations.
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