Renegotiating Commercial Loans
Sometimes, Lenders and business owners are more apt to work together to renegotiate commercial loans because both parties are aware that this is a business decision. There are fewer emotions dealing with commercial real estate than dealing with a personal residence.
Reasons to Renegotiate Commercial Loans
- Short sale of commercial properties
- Vacancy rates high
- Your mortgage exceeds what you collect in rental/lease income
- Increases in expense/debt
- Decrease in income
- Personally guaranteed the property
Please feel free to contact us today so that we may discuss the options that are available to you.
Van and Associates Law Firm at 702-529-1011