In today’s lending environment, many commercial property owners have discovered that their favorite bank has either been absorbed by a larger bank, closed or has called in their commercial loan prematurely. Many banks and private lenders have taken these actions with little or no notice to the borrower. This can result in foreclosure of your commercial loan. If you find yourself in one of these situations, we can help!

We are a direct commercial lender with a staff of lawyers and other professionals that can negotiate with your lender whether an institution or private lender. We will work out a solution that is beneficial to you and your current lender. How do we do it? It is called a “Restructure Plan”.

Restructure plans are contractual changes to the terms of the existing mortgage and include some or all of the following:

• lowered current interest rate

• reduced principal balance

• lowered monthly payments

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• eliminated late payment fees

• extended mortgage term

• elimination of balloon payment risk

• elimination of variable rate risk

• deferred or eliminated past due amounts

Our staff has been in the commercial loan industry for decades and are experienced in all aspects of commercial mortgage transactions including servicing, legal, accounting, regulatory, underwriting and valuation. We bring this experience to work for your client by reviewing property and business cash flow information provide by the client. After we obtain an accurate snapshot of the client’s and property’s financial condition, we will discuss with the client a realistic strategy for restructuring the debt. We then create a proposal with all necessary exhibits and present it to the current lender. Our objective is to restructure your client’s monthly mortgage and we guarantee success!

The Processing Fee allows us to perform the intensive analysis required for a troubled commercial loan. The Deposit Fee is refunded in the event we are unsuccessful, through no fault of your client, in obtaining a restructured loan. The Deposit Fee will be held in an escrow account during the restructure process. Upon successful completion of the Restructure Plan, Client will pay a Success Fee equal to 1.5% of the prior loan principal amount.

How do you make money out of this program as a broker? As we negotiate the terms of the restructure many times a takeout loan is needed and you would secure origination fees on the new loan. In the event of a restructure of the current loan we would give you a referral fee which will vary depending on the size of the loan.

How does the process work? You get me the basic information on the loan such as the Personal Financial Statement or 1003 and any other details regarding the current note. We then schedule a conference call with one of our asset managers, the borrower and you. We review the borrower’s scenario and present the borrower with his options using our Advisory service. We email the borrower our agreement and copy you. Once the borrower engages our Service our processor will contact the borrower getting the appropriate documentation.

We look forward to helping you and your clients.

We also provide conventional commercial loans!

Visit my site thecommercialcashexpert.com

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commercial mortgage modification
Author: Karen Isaac