Common things renegotiated in a commercial loan modification and some things to think about
1. Principle Balance, Does the property have more debt on it than it is worth?
2. Interest Rate, Will the property support itself based on the current rate or does it need a lower rate?
3. Balloon Date/Maturity Date; is there a way to...
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Monthly Archives: February 2015
GFCIB and Advisors, provides outsourced para legal work for Chapter 11 Bankruptcy’s.
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Major consolation between Staples, Office Max, Office Depot. What happens to the landlords?
Major consolation between Staples, Office Max, Office Depot. What happens to the landlords?
I can tell you there will be a lot of vacancy’s caused by the consolidation, as well it will trigger more vacancy other than the store locations as some other tenants have co-tenancy clauses. To make matters worse a lot of loans...
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Bankruptcy auction vs. Real Estate foreclosure
Bankruptcy auction vs. Real Estate foreclosure
When a commercial mortgage is in default and the borrower is in bankruptcy, pursuing a foreclosure is not the only option for recovery.
Often, auctions are a preferred method of sale as opposed to foreclosure for both the borrower and the lender.
Here’s why: