Commercial Mortgages in Default for Maturity and Technical Reasons

While I do not know the number, it seems there are countless preforming commercial mortgages that are put into default for technical reasons and maturities due. Lenders will put a perfectly paying mortgage in default in the second without hesitation. Owners need to beware of this and don’t expect the lender to have any commonsense. Once a loan is in default or with special servicing it’s much harder to work out, but it can be done.

Please feel free to call us is we can provide any assistance.

Jack Miller
561-221-0900 ext 238

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