Press Coverage November 12, 2026

Higher-for-Longer Rates Make 2027 Refinancing a Steeper Climb

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Mark A. Silverman

Mark Silverman, a partner in Troutman Pepper Locke’s Bankruptcy + Restructuring Practice Group, was quoted in the November 12, 2026, Asset Securitization Report article, “Higher-for-Longer Rates Make 2027 Refinancing a Steeper Climb.”

  • Refinancing has become more difficult amid rising interest rates, said Mark Silverman, a partner at Troutman Pepper Locke.
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  • “All these macroeconomic factors are creating uncertainty, and having them occur simultaneously has caused problems with loan maturities,” he said.
  • He added that insurance costs have risen, complicating the process of securing property insurance in some markets. It’s a case of survival of the fittest, Silverman said. 
  • “Strong borrowers and properties will find refinancing, take-out lenders, and solutions to these problems. Those properties will be fine, and they won’t fall into distress,” Silverman said. “But properties underwritten with weak fundamentals or based on overly optimistic projections are going to get clobbered because there is no relief out there.” 
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  • This environment, Troutman’s Silverman said, will be challenging, but whoever finds opportunities will come out on top. “People get creative on the distress side. They will need to bring equity and capital to get these deals done,” he said. “As for special servicers and the deals that are in distress, there is not a strong appetite to extend those maturities. So the approach has to be solutions-driven and backed by borrowers who are coming to the table with practical solutions, real cash and actionable outcomes.”
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