Are you trying to get a commercial loan modification? Do you own one of the following:
- Hotels, Motels, and Resorts
- Condominium and Apartment Buildings
- Malls, Strip Centers, and Restaurants
- Office Buildings and Complexes
- Industrial, Storage, Warehouse and Manufacturing Facilities
- Health Care Facilities
- Mobile Home Parks
- Land Development
- Other Commercial Properties
Not much has been said about commercial loan modifications, due to the flood of residential modifications on the market. However, there is a strong need for this service in todays market. Homeowners were not the only ones affected by the downturn in the economy and many business owners are struggling to afford their mortgage payments on these properties.
It can be a little more difficult to negotiate a commercial loan modification than a residential, which is why you want the best representation to handle this for you. The good news is, it is possible and it can save you much more than a residential modification per month. You might even be able to get a principal reduction. Our modification specialists have been able to negotiate:
- Reduce Principal and Interest payments
- Extend the term of the note
- Interest only payments
- Suspend payments temporarily
- Stop Foreclosures, Auctions, and Sheriff Sales
We can’t tell you what you will qualify for without a consultation. Every situation is different! We will be honest and upfront with you over the phone. If you qualify, we will tell you the next steps you need to take, if you don’t we can give you some suggestions to help you out. Either way, you need to fill out the form on our homepage or call us at 888-762-1150 to see if we can help you.
We are fully licensed and meet all compliance requirements for your protection.
[...] more information and to see if you qualify, just visit Commercial Loan Modification. They can tell you if you qualify for any of the Instant commercial loan modification programs. [...]
Just Read that The leader of the Federal Reserve Bank of New York addressed the ongoing saga of mortgage foreclosures, saying “the Federal Reserve actively encourages efforts to find viable alternatives to foreclosure, like loan modifications, or deeds in lieu.” But he added, “we also support due process and access to legal counsel for homeowners facing foreclosure, for instance through legal aid programs.”The central banker offered a positive note on the darkest side of the housing market debacle, saying “our data indicate that, in recent quarters, borrowers are becoming less likely to fall behind on their mortgages, so fewer households are now entering the foreclosure process.”
I was stunned to learn that commercial property owners can also get their loans modified. Thanks.