The Real Estate Crisis Nobody's Reporting
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 8 May 2026
⏱️ 43 minutes
🧾️ Download transcript
Summary
Lenders don't take over properties unless things have gotten really bad — and right now, they're taking over a lot of them. Commercial real estate lender Anton Mattli joins Ken to break down the $1 trillion debt wall hitting right now, why it's worse than what's being reported, and exactly what to do if you want to buy when distressed deals finally hit the market.
Become a PadSplit host, who is our paid sponsor: https://www.padsplit.com/hosts?utm_source=ken+mcelroy&utm_medium=organic+&utm_campaign=kenmcelroy-organic
• • •
Follow Danille McElroy on Instagram: https://instagram.com/Danille_Sells_AZ
• • •
Checkout KenPro - Ken's Education Platform: https://ken-mcelroy.learnworlds.com
• • •
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://thefoundersgroup.com/
• • •
DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
© 2026 KenMcElroy.com, LLC. All Rights Reserved.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Lenders don't take over properties unless things have gotten really bad. |
| 0:04.3 | And right now they're taking over a lot of them. |
| 0:06.7 | I'm here with Anton Matley, a commercial real estate lender who's watching this happen just |
| 0:12.2 | like me in real time. |
| 0:14.0 | And what he's seeing on the ground is way worse than actually what's being reported. |
| 0:18.4 | So Anton, we've got this debt wall hitting right now. |
| 0:21.9 | All right. There's all kinds of people underwater. Like, you're at ground zero. What are you |
| 0:27.0 | seeing? Yes. So obviously, the ground zero is really for very specific deals. And when we talk |
| 0:37.4 | about it, it's usually bridge loans and construction loans that were originated in 21 and 22. |
| 0:43.3 | Right. |
| 0:44.3 | So not everyone is suffering those that originated, let's say, in 2018, 2019 and have a 10-year loan, you're perfectly fine. |
| 0:55.9 | They still have one or two years left until they need to refinance or sell. |
| 1:01.0 | So we really talk about very specifically when we talk about that ground zero and where all the |
| 1:06.8 | problems lie with the bridge loans and the construction loans that were done in 21 and 22. |
| 1:14.5 | And as you know, all these bridge loans and construction loans were done at the extremely low interest rate environment, |
| 1:22.3 | which means that you could get fixed rate loans somewhere in the threes. |
| 1:27.2 | If you were institutional, sometimes they were even into twos or twos. |
| 1:32.2 | And even as a straight syndicator, you still could be in the threes if you wanted to get a fixed |
| 1:39.6 | rate loan. |
| 1:41.0 | And if you wanted to get a loading rate or a rich loan you guess where you were you were in |
| 1:46.6 | the same space right because stoffer at that point was essentially at zero right it was point 10 |
| 1:52.9 | percent then it was maybe 20 basis points plus whatever spread it was and everyone was was willing to lend. So the cost of financing |
... |
Transcript will be available on the free plan in 2 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.