In Minneapolis, Concern Over Distressed Commercial Real Estate Loans Mounts

A June 2023 report from Cred IQ found that Minneapolis had the highest overall distressed rate for commercial real estate loans rate in the country and had held that position for over a year. Karla M. Vehrs and William P. Wassweiler spoke to Law360's Real Estate Authority about why that's the case. 

"In a market of our size, a number like that is likely due to a small handful of larger properties hitting maturity defaults around the same time," Ms. Vehrs said.

Ms. Vehrs, the firm's Minneapolis Office Managing Partner, and Mr. Wassweiler, a member of the firm's national Finance Department, are members of the firm's Distressed Office Buildings team.

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