Our approach
From assessment through resolution
Every complex or distressed asset in commercial real estate is different.
Our experts work across Walker & Dunlop’s platform to evaluate the asset, understand the capital structure and stakeholder objectives, and determine which options warrant consideration. That coordinated approach gives clients access to the capabilities relevant to their unique situation, whether they are navigating financial or operational challenges, approaching a critical loan maturity, evaluating a recapitalization or disposition, or pursuing an opportunity created by market dislocation.
Our Services
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Our People
Special situations experts
Our professionals combine local market expertise with national coordination across investment sales, finance, valuations, data, and capital solutions to help clients evaluate and execute strategies for complex or distressed commercial real estate situations.
Frequently Asked Questions
1. What is a special situation in commercial real estate?
A special situation is a circumstance in which an asset, loan, or capital structure requires a strategy outside the conventional course of business. These situations can arise from financial or operational challenges, approaching loan maturities, changing market conditions, capital needs, ownership objectives, or opportunities created by market dislocation.
2. What can cause a commercial real estate special situation?
Special situations can develop for many reasons, including declining occupancy or cash flow, rising operating costs, changes in property value, loan maturities, difficulty securing new financing, capital structure challenges, shifting ownership objectives, or broader changes in the capital markets. They can also arise when market dislocation creates an opportunity to acquire, recapitalize, or reposition an asset.
3. Does a special situation mean an asset is distressed?
Not necessarily. Distressed assets are one type of special situation, but the category is broader. A special situation may involve an otherwise performing asset facing a financing or capital structure challenge, an upcoming maturity, a recapitalization need, a strategic disposition, or an investment opportunity created by changing market conditions.
4. What options are available in a commercial real estate special situation?
The appropriate strategy depends on the asset, capital structure, stakeholders, market conditions, and objectives involved. Potential paths may include refinancing, recapitalization, restructuring, valuation, a property or loan sale, new debt or equity capital, or another tailored solution.
5. How does Walker & Dunlop approach special situations?
Walker & Dunlop brings together expertise from across its commercial real estate platform to assess the asset, capital structure, market conditions, and stakeholder objectives. Depending on the situation, that may include capabilities across finance, investment sales, valuations, data and analytics, and principal investment to help clients evaluate potential paths forward.
Services
Our comprehensive CRE platform offers you both entity-level and property-level finance and advisory services.
Specialties & Sector
Affordable, multifamily, industrial, and more…you name it and we have the skills and expertise to handle it.