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EFFICIENT, EFFECTIVE COMMERCIAL LOAN WORKOUTS |
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“The most prominent area of risk for rising credit losses at FDIC-insured institutions during the next several quarters is in CRE lending. Prudent loan workouts are often in the best interest of financial institutions and borrowers.”
-- FDIC Chairwoman Sheila Bair, October 14, 2009
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Are You Experiencing:
- Higher vacancy due to the poor economy?
- Lower rents/lease rates than anticipated?
- An impending balloon payment, and the bank is unwilling to extend maturity?
- Coming out of pocket every month because the NOI can no longer support the mortgage payment?
- Having difficulty refinancing your commercial loan and just out of options?
We Can Successfully Negotiate:
- Reduction in interest rate with current loan amount
- Reduction in loan amount with current interest rate
- Immediate interest-only payment schedule with a reduction in rate
- Extension of amortization schedule (for example, from 20 to 30 years)
- Extension of debt maturity date (Balloon)
- Forbearance and deferment of several months of payment
- ...And numerous combinations of the above.
We can help. Contact us at (916) 442-6404 for a free consultation.
The Law Offices of Ted A. Greene, Inc.
331 J Street, Suite 100
Sacramento, CA 95814
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Legal Experience + CRE Finance Experience = Results.
We at UpsidedownCommercial.com (The Law Offices of Ted A. Greene) have over 30 years of combined experience as attorneys and commercial real estate bankers. We believe that this unique platform of bankers and attorneys under one roof, almost unheard of in the industry, results in a value added service with a far greater success rate in loan workouts for our commercial property clients.
We have hired every member of the team with one goal in mind: To enhance our ability to create a win-win solution for both the Client and the Lender.
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"We can't begin to tell you how much we appreciate the work your firm performed on our behalf. If it were not for the deferment of our loan payments, I truly believe we would be looking at default.
Our business has been severly affected by the recession as well as inclimate weather. The deferment will allow us to get through, hopefully, the worst of the winter and the recession.
It was easy; we gave you what you asked for and you did the rest.
We highly recommend the Ted Greene Law firm. Peace of mind is priceless, and we thank you for that."
Sincerely,
--Melody and Arthur A., Owner/User SBA, San Jose
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Why Consider a Loan Workout |
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A perfect storm is developing in the commercial real estate lending world, where a combination of lower NOI due to macro-economic factors, and a frozen commercial lending market have left many, many commercial property owners in trouble and looking for a solution.
The solution could be a commercial loan workout. An expertly crafted Commercial Loan Workout Proposal, professionally presented and negotiated by an office of attorneys and commercial real estate bankers, can be a very effective means to get the lender's attention, and to petition them for a solution that works for both parties. The goal is to create a win-win situation for both the Borrower and the Lender.
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