Commercial Loan Modification/Refinance/Restructure/Refi/Mods

Do You Qualify For A Loan Modification Plan?

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Although loan modification for smaller commercial mortgages is a great deal easier than working through a large multi lender plan or a property held by a Commercial Mortgage Backed Securities Trust it may hold more challenges than a residential negotiation.

Regardless of the type of property the lender will always focus on one major factor. Does the cost of foreclosure outweigh the cost of a loan modification?

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The lender's decision will be based on their best interests. Your ability to successfully negotiate
a plan will depend on many of the same factors as a standard residential loan modification.

Some of these factors are:

* Amount Of Equity In The Property
* Past Payment Experience
* Costs Of Foreclosure
* Borrower's Financial Position
* Borrower's Willingness To Retain Property
* Local Market Conditions

Loan Modification + Business Plan

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In addition to these factors many small commercial loan modification plans will depend on the financial condition of the borrower's business. The lender must know that from a business perspective that there is a likelihood of producing enough profit to service the
the new payment successfully.

This is the main point of departure from a residential program. Regardless of whether the property in question is a single family rental unit, multi-family apartment building, or retail property, your lender is going to want to see a business plan. The plan should include realistic numbers and a convincing explanation as to why the plan will work.

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Be prepared to present a realistic proposal and back it with solid numbers. Consider seeking the services of an accountant, attorney, or experienced loan modification consultant.
A negative result could mean the loss of a property and a business. One shot is all you may get.

Modifying a Large Commercial Loan can be as simple as a small loan. It can also
be a time consuming task that is better left to accountants, attorneys, and loan modification pros.

Some of the determining factors are listed below:

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* Type of Borrower (Individual, Corporate, Trust, etc)
* Type of Lender (Bank, CMBS Trust, Insurer, etc.)
* Terms of Lending and Servicing Agreements
* Terms of The Proposed Commercial Loan Modification Plan

In the case of loan modification, the size of a commercial loan is not necessarily the
determining factor as to the level of difficulty. If it is a single lender/ single borrower
relationship the process may be as simple as a good business plan
and a lender that is willing to listen.

On the other hand if the mortgage relationship is a conduit loan from a real estate trust to a
corporate borrower the situation will involve a number of professional advisors, a great deal
of time, and most likely state and federal tax code.

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Plan B:
Given the difficulties of modifying a large commercial loan it may very well be easier to refinance.
As in the case of any commercial loan modification a valid business plan and a solution to
the situation that brought the loan into a distressed state, and a willingness to make it
work by both the borrower and the lender will make the difference.

They key to finding a successful remedy for a potential commercial real estate loan
problem is to be proactive. If there is a problem on the horizon, seek a solution
now before it becomes a glaring issue that cannot be ignored.
Researching commercial loan alternatives early on can save a bundle later.

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Large Commercial Loan Modification

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Loan Modification Services for Commercial Properties


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