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Commercial Loan Modification: An Economic Necessity
2 pages
Published by
saravanan2
Copyright :
All rights reserved
Commercial Loan Modification: An Economic Necessity
Walking down the street in any major US city is evidence enough that the commercial
real estate marketing is suffering.
Los Angeles, CA, November 13, 2009 -- Walking down the street in...
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Commercial Loan Modification: An Economic Necessity
Walking down the street in any major US city is evidence enough that the commercial
real estate marketing is suffering.
Los Angeles, CA, November 13, 2009 -- Walking down the street in any major US city
is evidence enough that the commercial real estate marketing is suffering.
The
streets are littered with ?For Lease? signs, the unemployment rate is the highest
it?s been in decades, and vacancy rates are increasing.
As a result of these
factors, many commercial property owners are falling behind on their mortgage
payments.
In order to prevent an enormous commercial mortgage meltdown, the United
States needs banks to start issuing more commercial loan modifications.
Commercial loan modification is simply the process of restructuring the terms of a
commercial loan.
It is a matter of renegotiating the loan so that it is more
favorable to the borrower.
For example, one can negotiate a lower interest rate
with their lender, extend t
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Tags
borrower,
commercial,
interest,
lender,
lenders,
loan,
loans,
modification,
mortgage,
order,
owners,
payment,
payments,
property,
rate,
rates,
term
