What is a Commercial Loan Workout/Modification?
With our nation in an economic recession and with the retail market suffering, tenants on commercial properties are experiencing difficulties paying their rents. As a result, commercial property owners are becoming cash flow negative and defaulting on their mortgages. Banks and commercial lenders cannot keep up with the current number of defaults and want to minimize…Continue
Added by Martin Beck, Managing Director on October 29, 2012 at 5:36pm — No Comments