04/16/2026
The “maturity wall” was supposed to be a single event.
It is not.
What we are seeing instead is a multi-year refinancing cycle where loans are being extended, modified, and pushed forward.
That changes everything about how opportunity shows up.
There is no single reset point.
There is no clear bottom.
Instead, there is a steady flow of situations where:
The asset is performing
The tenant is stable
The capital structure no longer works at today’s cost of debt
That is where the opportunity is.
Not in broadly distressed assets.
But in assets mispriced due to financing friction.
At Sentinel, this is where we are focused.
Because it allows us to underwrite real estate and tenants, not just capital distress.
We break this down in detail here: https://hubs.la/Q04c6BmQ0
If you are looking at recap or refinancing-driven opportunities, we are actively reviewing deals in this space.