Tag Archives: apartment buildings

What is the Commercial Loan Modification Process?

Posted on June 26, 2009 by CLR Staff

When you hire a commercial loan modification professional, it is important to know what to expect. The first step is to go through a consultation and analysis. The commercial loan workout professional will look over your loan papers. They assess … Continue reading →

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Commercial Loan Modification Versus Foreclosure

Posted on June 22, 2009 by CLR Staff

A commercial loan modification is one option for business owners facing difficult financial circumstances. Commercial loan workouts are often pursued after the business owner has already started missing their commercial loan payments. Commercial loan modifications are promoted as a safe … Continue reading →

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When to Pursue a Commercial Loan Modification

Posted on June 16, 2009 by CLR Staff

A commercial loan modification is when the bank or commercial lender agrees to alter or modify the conditions of your commercial loan to make the monthly payments more affordable. This is done through the lower of the interest rate, extending … Continue reading →

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Why Hire a Professional When Pursuing a Commercial Loan Workout?

Posted on June 15, 2009 by CLR Staff

A Commercial Loan Modification is something lenders are willing to do to avoid a complete loss, but they are still going to attempt to create a commercial loan modification, which will work in their best interest. A commercial loan workout … Continue reading →

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Now Is The Time to Pursue a Commercial Loan Modification

Posted on June 8, 2009 by CLR Staff

Commercial loan modification may allow the commercial loan holder to turn a negative cash flow into a positive by lowering their monthly payment. A commercial loan modification will allow business owners to avoid losing their business and destroying their credit with a bankruptcy or foreclosure. Continue reading →

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Commercial Loan Modification

Posted on June 4, 2009 by CLR Staff

Commercial Loan Modification is when a business or individual that owns a commercial property such as a strip-mall, shopping center, apartment building, agree with the mortgage holder to permanently change the terms of the original note. Continue reading →

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