Commercial Loan Modification Program Notes
- $1.4 trillion in commercial property loans are expected to come due between 2010 and 2014.
- With values dropping and vacancies rising, refinance options are scarce.
- Commercial loan modification offers a viable way to stabilize troubled loans.
Loan Modification Is In Your State!
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Commercial Loan Modification Overview
When loan modifications first became all the rage, the focus was entirely on residential mortgages and helping what has become known as “Main Street.” But as the problem has grown, commercial real estate is becoming more and more of a … Continue reading
What is Commercial Loan Modification?
As the nation’s housing market and overall economy has struggled to get on track, the impact to commercial loans has been severe. Declining values, which have been such a prominent problem in the housing industry, have dealt a blow to … Continue reading
Will I Qualify for Commercial Loan Modification?
Qualifying for commercial loan modification usually comes down to whether or not your property still shows the ability to be viable with a change to the existing terms. In other words, if you have a property that has an increased … Continue reading
What Types of Commercial Properties Qualify?
Commercial properties come in many shapes and sizes. A large, downtown building is as commercial as, say, your nearest gas station. The respective sizes of the loans, well, that’s different. But in both cases, the properties can lose their value … Continue reading
Commercial Loan Modification Overview
Commercial loan modification is a viable alternative for property owners looking for loan relief.
When loan modifications first became all the rage, the focus was entirely on residential mortgages and helping what has become known as “Main Street.”
But as the problem has grown, commercial real estate is becoming more and more of a concern as well. Large and small buildings alike are facing the same fate that homeowners across America have become all too familiar with.
Everyone is quickly discovering that the problem isn’t just bad loans, or irresponsible people. It’s much more and it’s bigger than any individual or business can control (unless you happen to be a prominent bank).
If you find your commercial property needs a business loan modification, that’s okay. In fact, it’s a smart business decision that could result in you savings tens or hundreds of thousands of dollars.
Trillions of Dollars at Stake
Martin Andelman of the popular blog Mandelman Matters recently cited a Deutsche Bank report that states $2 trillion in commercial mortgages will need to be refinanced by 2013.
With values plummeting in the commercial market much the way they did to residential homes, refinancing is going to be a difficult proposition.
Already, business parks, strip malls, office buildings and so on are facing the reality of a stressed market that is making these properties downright unaffordable.
It is becoming more and more accepted that these loans must be modified to keep stability in the marketplace. If not, we could be facing an epidemic that goes beyond anything seen in the residential market.
How You Can Be Helped
Loan modifications have been getting done throughout the current housing market downturn. As demand has dictated, the commercial market has become part of this trend.
Commercial loans are a different beast and demand an experienced hand to secure a permanent modification. Consult with a third party company that has experience doing commercial loan modifications.
When you consider the thousands of dollars you could save on a monthly basis with a modification, having an experienced company lead the way is an investment you can’t afford to ignore.