Current Real Estate Climate Make Commercial Mortgages Harder to Obtain
Saturday, June 05
Gone are the boom days of commercial real estate serveral years ago. Since 2007, commercial property values have declined over 40%, according a report by Moody's. Along with increasing default rates, obtaining a commercial mortgage is tougher indeed. Note what an artice written by Emily Maltby in...
Difference Between Commercial Loan Workouts and Commercial Loan Modifications
Tuesday, June 01
So what's the difference between commercial loan workouts and commercial loan modifications? Commercial loan workouts have been around for years to help commercial borrowers "workout" a plan to catch up on their mortgage obligation. But how did commercial loan modifications come into the picture?...
How Do Commercial Property Owners Qualify for a Commercial Loan Workout?
Wednesday, May 12
Qualifying for a commercial loan workout will depend whether or not foreclosing on a commercial property will cost more than a commercial loan workout from the lender's viewpoint. Real world dictates that the lender's best interests over the borrower will determine if a commercial loan workout w...
Tightened Commercial Lending Guidelines According to Recent Survey
Monday, May 03
A good number of banks continue to report "having tightened standards" on commercial real state loans, according to an April, 2010 Federal Reserve Board survey of 53 domestic banks. But the number of U.S. banks reporting stricter lending standards has dropped since the last survey was conducted ...
Federal Regulators Encouraging Banks to Provide Commercial Loan Workouts
Wednesday, April 28
During a speech at the Commercial Mortgage Securities Association Annual Conference held January 20th, 2010 in Washington D.C., FDIC Chairperson, Sheila C. Bair said that the FDIC and other federal regulators are encouraging banks to "work with financially distressed borrowers through loan modif...
Third-Party Commercial Loan Workout Firms Can Provide Valuable Assistance
Monday, April 19
Commercial properties, such as apartment complexes, office buildings, industrial buildings, shopping centers or store fronts are eligible for a commercial loan workout. Commercial loan workout firms can provide valuable assistance if property owners don't want to "go-it-alone". Because so many co...