CRE special servicing is an essential function in the management of distressed assets, and it plays a key role in the broader ecosystem of commercial loan workouts, restructurings, or liquidations. CRE lenders and servicers are increasingly focused on becoming CMBS special servicers and securing a rating from credit rating agencies, which can offer a competitive advantage when it comes to attracting capital, managing portfolios, and navigating regulatory requirements.

 

In this paper, we explore critical considerations when pursuing a rating, common missteps, and successful strategies.