WHY COMMERCIAL MODIFICATIONS ARE DESPERATELY NEEDED NOW!
Tuesday, May 17
he commercial mortgage market is in crisis. It’s the next foreclosure wave to hit the US and this tsunami will be the biggest wave of all. Commercial property loans originated between 2005 to 2008, most which carry risky terms are likely to see a significant increase in defaults in 2010 due ...
Can you negotiate a short sale or short payoff on a Commercial Property?
Wednesday, September 15
Yes. But know there is a difference between a short sale and a short payoff. In the case of the short sale, you will be selling your property and the lender has agreed to take a lesser amount to settle the debt. In a short sale you will be required to list your property for sale as part of the p...
Our Recent Commercial Modification Success Stories
Sunday, September 12
Thrift Store Gets A 2 Year Extension In July of this year a retail store owner in Philadelphia, PA approached us and asked if we would be able to help save their store. The store provides jobs for battered woman and the profits go to support battered woman's shelters. They were just 2 weeks fr...
Commercial Real Estate Crisis Ahead
Saturday, September 11
There is a 3.5 Trillion Commercial Real Estate debt in the United States. A major crisis could potentially bring down more than 500 Regional, Sub-regional, and Community banks in the next 12 months alone. Listen to a discussion with Harrison LeFrak of LeFrak Organization…as he puts it “Commercial...
Recent Successes Negotiating with Lenders
Friday, September 10
Some of our more recent and more sophisticated clients have had success negotiating effectively with their lenders. This scenario is more likely to happen where there is not a personal guarantee or where the borrower is not financially collectible to the lender for deficiencies. These clie...
Do we need to be deliquent on our payments to get our commercial loan workout?
Monday, September 06
Although being late is an indicator of trouble, in the commercial world, it is better not to be late. HOWEVER, it is important for you to know that if you are current the lender will not take your workout request with any urgency, unless you can demonstrate that there exists a high probabilty of...