Real Estate Loan Workout | Renegotiation Strategies
The turmoil in the credit and real estate markets has caused an unprecedented number of real estate loans to default. Borrowers and lenders must engage in constructive dialog, called a loan workout, to resolve those sticky credit problems when easy and simple solutions are no longer available or have been exhausted. Cranewoods has experience working through those complex issues and can bring objective and creative solutions to the workout and help you save time, energy and your capital.
Commercial real estate loan workouts are often an intricate process but one of the most successful ways of avoiding further problems down the line. When the need for a loan workout seems imminent, Cranewoods can help you prepare the materials necessary and guide you through a workout strategy that best fits your circumstances. Workouts can also be a stressful time for both parties but with Cranewoods experience, civil demeanor and guidance you can be confident your situation is presented in the best circumstance to lead to mutual agreement.
Cranewoods can work with both the borrower and the lender either as a strategist or directly involved in negotiations, in order to provide a satisfactory resolution to the loan issue.
Solutions can include:
- Loan extension/modification
- Alternate property uses
- Disposition of assets in partial or bulk sales
- Leasing vs selling
- Short sales
- Loan curtailments
- Deed in lieu
- Deed in lieu plus a deficiency payment
Cranewoods works with lenders and borrowers to explore strategies and workout defaulted loans. With creative solutions, we can help both parties arrive at a process that protects credit and property yet recognizes the challenges in today’s markets.
Real Estate Loan Workouts | Real Estate Loan Renegotiation
