Distress, Defaults & the Real Deal on 2025

Distress is Here. The Real Question? Who’s Buying.

NTRD Live Edition from The Real Deal NYC — with Nazar of Intrepid Equity Management

Market Reality Check

Forget the headlines. Nazar’s firm isn’t waiting for interest rates to shift — they’re negotiating with banks, wiping out failed equity, and taking control of stalled assets right now.

This episode dives into the mechanics of modern distress — and exposes the emotional traps keeping borrowers stuck in hope instead of strategy.

What You’ll Learn

Distress Playbook
Intrepid buys the note, forecloses, negotiates terms — and moves fast to salvage viable projects in mid-construction or stuck in CapEx overrun.

Why Rates Don’t Matter
A 25–100 bps rate cut won’t reverse 24% equity erosion. So why is the market still fixated on the Fed?

The Emotional Trap
Sentiment drives markets. But that doesn’t mean it should drive you. “Stay alive till ‘25” isn’t a strategy — it’s a delay tactic.

Signs of a Bottom?
Leasing is picking up. Blackstone is buying again. Valuations are shifting. It’s not a recovery yet — but it's a turn.

Quote of the Episode

“Sentiment drives action more than data. But if you’re relying on a Fed cut to fix your deal — it’s already too late.”

Final Thought

Distress doesn’t mean disaster — unless you wait too long to act.

Whether you’re a borrower clinging to bad equity, a lender pretending things will bounce back, or a sponsor hoping for a miracle Fed move — this episode is a wake-up call.

The only thing that solves distress… is action.

🎧 Watch ReDeal Episode 09 Now
And see how firms like Intrepid are creating opportunity — while others are still hoping for a bailout.

PODCAST - Confronting the Impossible with Leo Jacobs.

Leo Jacobs, Founder and CEO of Jacobs PC

Known for finding creative, expedient solutions to complex and high-profile cases, Leo excels in matters including distressed investment and asset management, real estate law, corporate law, dispute resolution, business divorces, negotiation, and more. Leo’s extensive expertise in debt and equity structures enables him to employ a full spectrum of legal tools to achieve swift, optimal results for clients. His practice, Jacobs P.C., bridges commercial litigation, corporate transactions, and financial rehabilitation, handling cases across federal, state, and bankruptcy courts, as well as administrative tribunals.

If you would like to join the podcast email requests to pr@jacobspc.com