Commercial Loan Modification

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COMMERCIAL MORTGAGE BACKED SECURITY MODIFICATIONS * Does the Loan to Value exceed 90%? * Does the Loan Amount exceed the true value of the property preventing the property from being sold? * Has the Property been repeatedly turned down for refinancing by both conventional & private lenders? * If a discounted payoff were obtained could you refinance or sell the property? * Have falling market rents & increasing vacancies caused the property to cash flow negatively? * Is there deferred maintenance? * Has the lender or servicer previously denied an extension or modification?

Commercial mortgage brokers and their borrowers are currently struggling with how to effectively deal with maturing Commercial Mortgage Backed Security (CMBS) loan transactions. Many owners of commercial properties are not currently able to refinance their properties under any circumstance. The solution for many may be a commercial debt restructure or modification. We may be able to help restructure the term, modify the rate and payment, and in some cases reduce the unpaid principal balance.

Borrowers need to demonstrate to their servicers and lenders their ultimate payoff plan or why it is in the lender or servicer's best interest to extend, modify or reduce their current debt obligation. These waters can be very difficult to navigate. Commercial Modifications are complex and have numerous legal ramifications. A successful commercial modification is usually negotiated with the help of an experienced law firm, familiar with the intricacies of CMBS transactions.

Our business partner Law Group's CRE practice is built upon a team of experienced attorneys, commercial real estate analysts, and underwriters; all ready to assist with the unique issues facings investors, landlords and lenders. These attorneys deal directly with the CMBS/Portfolio Special Services or Asset Managers themselves.

Whether you are trying to reduce the interest rate, short sale the note or property, restructure the amortization, reduce the principal balance to complete a refinance or extend the maturity date on your note, our Law Groups experience and expertise can help. As part of these services, they prepare a case file that includes capitalization values, demographic market reports, rental and vacancy analytic reports, and a Net Present Value analysis on the property. These characterizations which are all included in the file submitted to your lender, reducing the work load on the servicer. Our Law Group also identifies the benefits of the proposed workout to your lender with supporting documentation for each claim. The lender's Loss Mitigation department quickly realizes the difference in dealing with a law firm that understands the various financial factors that need to be considered.

If you answered YES to any of these questions,
please contact me immediately; I may be able to help!

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