A Commercial Loan Workout is seen as the new solution for both business owners and lenders to endure this difficult economic period.  With widespread bankruptcies and foreclosures, action needs to be taken immediately to stop the flood and to prevent a meltdown in the commercial sector.  As such, the FDIC has encouraged lenders to pursue “creative solutions” to stop this tidal wave of lost loans yet stopping short of an intervention to allow the marketplace the flexibility to work out its own solutions to the individual problems of each client.

The commercial loan workout process is for a business or individual that owns a commercial property such as a strip mall, shopping center, apartment building, warehouse, office building, etc., agree with the mortgage holder to permanently change the terms of the original note.  The modification is an adjustment of the terms of the current loan such as a lower interest rate, a fixed rate or even a lower principal allowing the loan to be re-established for a lower, more affordable monthly payment. Our company will work with your lender to request a modification and will do so by applying our vast knowledge of the industry and under complete confidentiality to your personal file and any data you provide to us.