Your Trusted Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides itâs time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerâs best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyâs current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itâs through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
Reviews
đ˘ CRE's $384B Loan Extensions: Delaying the Inevitable? đâ
đ° Extend-and-Pretend: CRE's $384B Debt Dilemma Unfolds đâ
In commercial real estate, timing is everythingâand right now, time is exactly what lenders are buying.
A new report from Colliers reveals that a record $384 billion in commercial real estate (CRE) loans have been extended into 2025, up a staggering 42% from last yearâs $270 billion. That means nearly 40% of all CRE debt maturing this yearâroughly $957 billionâis being delayed, rather than resolved.
Whatâs behind this trend? A familiar strategy: extend-and-pretend.
"Extend-and-pretend" is the practice of granting short-term loan extensions instead of tackling tough financial truthsâlike refinancing at todayâs higher interest rates or facing a foreclosure.
According to Aaron Jodka, Director of Research at Colliers, âWe are not done with extend-and-pretend.â
Rather than forcing borrowers into default, lenders are buying time, hoping the market improvesâor at least that rates soften before write-downs become inevitable.
Hereâs how it breaks down by asset class:
đ $97 billion in extensions
đ Roughly â
of all multifamily debt maturing in 2025
đ 55% of 2025 maturities were pushed forward from previous yearsâthe highest proportion across all sectors
đ $85 billion in extensions
đ Roughly 45% of the $187B in loans due in 2025
âĄď¸ Lenders are clearly reluctant to give up on sectors like office and multifamily, even when the math isnât workingâyet.
Take Manhattanâs 150 E. 42nd Street as a prime case study.
A $525 million CMBS loan tied to the property was recently granted a three-year extension. The economics might not support a full payoff right now, but the long-term bet? Still worth waiting for.
This is extend-and-pretend in action.
While loan modifications hit $35.5 billion this yearâmostly due to rising defaultsâthe extend-and-pretend trend has kept widespread foreclosures at bay⌠for now.
But with another $663 billion in CRE debt maturing in 2026, weâre not out of the woods yet. Jodka likens it to a never-ending carousel ride: đ âRecord-setting maturities, year after year.â
Extend-and-pretend is a double-edged sword: it keeps markets afloat today but kicks the can down the road for tomorrow.
For CRE investors, lenders, and developers, this means:
đ Price discovery remains slow
đ¸ Capital remains cautious
đ§ Strategy and timing are everything
In this climate, knowing where and when to act is more critical than ever.
If youâre navigating this shifting market and want guidance on smart moves in 2025, letâs connect.
https://www.houstonrealestatebrokerage.com/
https://www.houstonrealestatebrokerage.com/houston-cre-navigator
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/?AgentEmail=Bill.Rapp@expcommercial.com
https://app.bullpenre.com/profile/1742476177701x437444415125976000
Š 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides itâs time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerâs best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyâs current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itâs through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
Let us help your business succeed.
đ˘ CRE's $384B Loan Extensions: Delaying the Inevitable? đâ
đ° Extend-and-Pretend: CRE's $384B Debt Dilemma Unfolds đâ
In commercial real estate, timing is everythingâand right now, time is exactly what lenders are buying.
A new report from Colliers reveals that a record $384 billion in commercial real estate (CRE) loans have been extended into 2025, up a staggering 42% from last yearâs $270 billion. That means nearly 40% of all CRE debt maturing this yearâroughly $957 billionâis being delayed, rather than resolved.
Whatâs behind this trend? A familiar strategy: extend-and-pretend.
"Extend-and-pretend" is the practice of granting short-term loan extensions instead of tackling tough financial truthsâlike refinancing at todayâs higher interest rates or facing a foreclosure.
According to Aaron Jodka, Director of Research at Colliers, âWe are not done with extend-and-pretend.â
Rather than forcing borrowers into default, lenders are buying time, hoping the market improvesâor at least that rates soften before write-downs become inevitable.
Hereâs how it breaks down by asset class:
đ $97 billion in extensions
đ Roughly â
of all multifamily debt maturing in 2025
đ 55% of 2025 maturities were pushed forward from previous yearsâthe highest proportion across all sectors
đ $85 billion in extensions
đ Roughly 45% of the $187B in loans due in 2025
âĄď¸ Lenders are clearly reluctant to give up on sectors like office and multifamily, even when the math isnât workingâyet.
Take Manhattanâs 150 E. 42nd Street as a prime case study.
A $525 million CMBS loan tied to the property was recently granted a three-year extension. The economics might not support a full payoff right now, but the long-term bet? Still worth waiting for.
This is extend-and-pretend in action.
While loan modifications hit $35.5 billion this yearâmostly due to rising defaultsâthe extend-and-pretend trend has kept widespread foreclosures at bay⌠for now.
But with another $663 billion in CRE debt maturing in 2026, weâre not out of the woods yet. Jodka likens it to a never-ending carousel ride: đ âRecord-setting maturities, year after year.â
Extend-and-pretend is a double-edged sword: it keeps markets afloat today but kicks the can down the road for tomorrow.
For CRE investors, lenders, and developers, this means:
đ Price discovery remains slow
đ¸ Capital remains cautious
đ§ Strategy and timing are everything
In this climate, knowing where and when to act is more critical than ever.
If youâre navigating this shifting market and want guidance on smart moves in 2025, letâs connect.
https://www.houstonrealestatebrokerage.com/
https://www.houstonrealestatebrokerage.com/houston-cre-navigator
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/?AgentEmail=Bill.Rapp@expcommercial.com
https://app.bullpenre.com/profile/1742476177701x437444415125976000
Š 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
Let us help your business succeed.
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Viking Enterprise LLC #9009614
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