Futute thoughts on non-performing CMBS (Non-Recourse) notes?

[Jay K.]

Do any of you have non recourse loans on your commercial assets? What is your take on when the market goes through a correction and those assets not being able to perform (speaking for the ones that won’t)? My family business strategy focuses on underperforming assets that are value add using cash at sale. I am curious to see how banks will be handling these notes with non-recourse when foreclosure comes. Should any of you have insight, please share!