Commercial Loan Modification Attorney
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As a commercial mortgage loan holder, you might be surprised to find there are ways to renegotiate a commercial loans. Sometimes, lenders will agree to commercial loan modifications when you make the right presentation. In addition, sometimes there are legal issues that can be presented your lender in negotiations or lawsuits. So, if you are trying to renegotiate your commercial mortgage terms, an attorney is in the best position to help. To learn more about your options, speak to a commercial loan modification attorney today!
Commercial Loan Modification
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Call (888) 718-0986 and speak to an agent, or fill out the simple form to the right to schedule your FREE consultation with an experienced commercial mortgage loan attorney. There is no obligation, so find out more about available loan restructuring and workouts for your commercial loan today!
Commercial mortgage loan workouts may include any of the following outcomes or elements:
- Stop Foreclosures, Auctions and Sheriff Sales
- Reduce Principal Balance (“Haircut”)
- Reduce Interest Rate
- Extend Term
- Payment Forbearances
- Eliminate or Extend “Call” or Balloon
- Facilitate Short Sales
- Facilitate Deed in-Lieu (DIL) Agreement
The Benefits of Attorney Representation
Though much less publicized than the residential mortgage crisis, the commercial mortgage loan market has suffered greatly during the last decade. As tenants struggle with decreased income, commercial property owners have seen rising vacancy and delinquency rates. Consequently, many commercial property owners have ended up “cash flow negative” and fallen behind in their commercial mortgage loans.
At MRP, you can find access to commercial loan modification attorney representation. As you may already know, there are very few attorneys that offer such legal services. Furthermore, even fewer possess the knowledge and experience to handle the complexities of commercial loan workouts. Not only are the applicable laws different, but commercial mortgage loans require combined skill sets. A commercial loan modification attorney needs knowledge of the Uniform Commercial Code (UCC) and business accounting. Unfortunately, most available workout providers for commercial loans are “non-attorney” loan modification companies. That means they do not have the ability to deploy the legal strategies that attorneys do to stop foreclosures. Perhaps worse, those companies are not held to the higher standards of ethics and compliance that attorneys are. The attorneys promoted by MRP have the knowledge, experience and resources to handle commercial loans for:
- Condominium and Apartment Buildings
- Hotels, Motels and Resorts
- Malls, Mini-Malls and Strip Centers
- Office Buildings and Complexes
- Industrial Buildings
- Storage, Warehouse and Manufacturing Facilities
- Health Care Facilities
- Mobile Home Parks