A Commercial Loan Workout is the process of Restructuring the existing terms of an existing commercial loan.  It is NOT a refinance and does not provide new funding.  It is typically a way for the commercial property owner to get temporary relief on his current financing or to save his property from a potential foreclosure.

If you have a Balloon Note and are NOT able to refinance we can help you with a Loan Workout.  If your property has Cash Flow Issues or Equity Issues due to today's current economic conditions a Loan Workout prepared by our affiliate company's Attorneys might be the solution.

• Our clients see a typical rate reduction from 100-300 basis points off their existing rate
• 80-90% Success Rate (closer to 100% when given correct information on the pre-qualification)
• Specialized in Commercial transactions, only
• Typical turn time is  60-120 days to get a settlement offer from the lending institution
• No Appraisal or Credit Verification
• We are open and able to help in all 50 states
• Our Attorneys are specialized and have negotiated many successful Commercial Loan Workouts with numerous lenders throughout the country
• Our fees are amongst the lowest in the industry (typically 1 to 2 monthly mortgage payments with a minimum of $10,000)
• FREE PRE-QUALIFICATION

Depending on your current situation you should expect one or more of the following as a result of a Loan Workout.

• Rate Reduction
• Term Extension
• Reset Balloon
• Forbearance
• Deferred Payments
• Short-term/Interest Only payments
• Short-term/No payments

Quick review of the process entailed in the Loan Workout.

1. Completion in full of the FREE Pre-Qualification worksheet.
2. Once we receive your information our Attorneys will review to determine the likelihood of your Loan Workout success.
3. If approved, we will get you to review and sign the contract giving us the "green light" to move ahead with the transaction.
4. Your signature with your approval to move ahead with the transaction and the initial payment are due.
5. We will provide you with a Documentation checklist.  Please submit them to us at your earliest convenience.  Time is of the essence.
6. Once we receive all the documents our Attorney will prepare your file/case and submit it for negotiation to your lender.
7. Depending on the lender we should expect anywhere from 60-120 days to get the results.

One word of caution.

1. If you are considering negotiating your Loan on your own with your lender, ask yourself first how successful you think your results will be.  Keep in mind you only have one shot at this!  By the way, do you also prepare your own taxes or would a CPA be more qualified to do it for you?
2. If you think your own Attorney can negotiate your loan workout for you ask him if...

• He has expertise in underwriting commercial loans,
• How many successful negotiations has he done,
• How many hours will it take and his hourly charge,
• If the charges are refundable in case of an unsuccessful negotiation.

Remember that our attorneys have a successful track record, they strictly specialize in Commercial Loan Workouts, our fees are amongst the lowest in the industry and they are refundable (except for $3,500 Underwriting fee).