When rates move, values reset, or the business plan changes, Johnson Capital advises borrowers through modifications, extensions, recapitalizations, and lender negotiations.
What We Do
When rates move, values reset, or the business plan changes, Johnson Capital advises borrowers through modifications, extensions, recapitalizations, and lender negotiations.
When It’s the Right Tool
Maturity Risk: Loans maturing into a higher-rate market where refinancing no longer pencils.
Covenant & Cash Flow Stress: DSCR, debt yield, or occupancy triggers affected by income declines or expense growth.
Underwater Positions: Negotiated A/B notes, discounted payoffs, extensions, or paydowns where value has fallen below debt.
Rescue Capital: New mezzanine, preferred equity, or fresh equity to cure defaults and create stabilization runway.
Representative Market Terms
Parameter | Guideline |
|---|---|
Loan Modifications | Rate, payment, and covenant relief |
Maturity Extensions | Time + paydown structures |
A/B Note Structures | Performing / non-performing split |
Discounted Payoffs | Sub-par debt retirement |
Rescue Capital | Mezzanine, preferred, or fresh equity |
Deed-in-Lieu | Orderly, liability-minimizing exit |
Special Servicing | CMBS forbearance & transfers |
Engagement | Confidential, early-stage |
The Johnson Capital Edge
Lender Insight: Ongoing origination relationships reveal how institutions are handling workouts and what is achievable.
CMBS Servicer Experience: We understand special-servicer processes, incentives, and pressure points.
Every Option on the Table: Modify, recapitalize, sell, or exit, we frame the full decision honestly, then execute the chosen path.
