Tag Archives: commercial loan

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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How Do I Qualify for a Commercial Loan Modification?

Posted on June 15, 2009 by CLR Staff

A commercial loan modification will create a new contract between you and your lender because the terms of the loan will have been changed or modified. The Commercial Loan Workout will potentially change the amount of principal you owe on … Continue reading →

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