Accelerated Commercial Services, Llc
Commercial Loan Modification: What Is It? The commercial loan modification is a confidential process designed to permanently change the terms of the original note for a business or individual that owns a commercial property. A commercial loan modification is seen as the new solution for both business owners and lenders to endure this difficult economic period. With widespread bankruptcies and foreclosures, action needs to be taken immediately to stop the flood and to prevent a meltdown in the commercial sector. As such, the FDIC has encouraged lenders to pursue “creative solutions” to stop this tidal wave of lost loans yet stopping short of an intervention to allow the marketplace the flexibility to work out its own solutions to the individual problems of each client. • Hotels, Motels, and Resorts • Condominiums and Apartment Buildings • Malls, Strip Centers, and Restaurants • Office Buildings and Complexes • Industrial and Manufacturing Facilities • Health Care Facilities • Mobile Home Parks • Land Development Commercial Loan Modification: What Changes Should You Expect? In as little as 30 Days, by negotiating with your lender on your behalf, Accelerated Loan Mods can help you: • Reduce Principal and Interest payments • Extend the term of the note • Interest only payments for a period of time • Suspend payments for a period of time • Stop Foreclosures, Auctions, and Sheriff Sales • Facilitate Short Sales • Stipulated Foreclosures • Extend Balloons
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