This article outlines a strategy for mitigating losses from distressed commercial real estate owned in syndicated like-kind exchange tenancy-in-common (""TIC"") structures. By rolling-up and recapitalizing a TIC deal, the risk of foreclosure can be minimized and invested equity can be maximized. Through a roll-up and recapitalization strategy, lenders can engage in productive work-outs, averting the outsized write-downs attendant to holding distressed TIC debt.
This article outlines a strategy for mitigating losses from distressed commercial real estate owned in syndicated like-kind exchange tenancy-in-common (""TIC"") structures. By rolling-up and recapitalizing a TIC deal, the risk of foreclosure can be minimized and invested equity can be maximized. Through a roll-up and recapitalization strategy, lenders can engage in productive work-outs, averting the outsized write-downs attendant to holding distressed TIC debt.
