Commercial Loan Workout & Restructuring Services

Our commercial loan workout and restructuring practice have assisted clients, borrowers, and lending institutions, in resolving a wide range of negotiated solutions regarding real estate loan-related defaults or pending defaults. In many cases, a fair and equitable resolution can be achieved through negotiation without filing bankruptcy or litigating the loan default.

The firm handles workout and restructuring services for corporate and individual clients, including:

• Commercial real estate loan workouts and restructurings
• Lease workout services to borrowers and lenders, landlords and tenants, and distressed businesses
• Commercial loan modification, portfolio loan restructuring, receivership, and creative alternatives to debt restructuring

Examples of strategies that may be used to resolve issues in restructuring real estate loan obligations include:

• Loan modification – Changes are made to the loan terms so that the borrower can perform under the modified loan terms.
• Forbearance – The lender agrees not to exercise certain legal rights for a specific period so that the borrower has a chance to recover financially and bring the loan obligation current.
• Extensions – The length of the agreement is extended so that a borrower has more time to meet the contract’s obligations.
• Short Sales – The lender agrees to accept a partial payment upon the sale of real estate and may provide a release for the remainder of the debt owed.

Examples of clients who may benefit from Loan Workout services include:

• Borrowers in default
• Lenders
• Landlords or tenants
• Distressed businesses

We have successfully assisted many commercial and individual clients in effectively negotiating the workout of a real estate loan default. Contact our Seattle office today to schedule a consultation.

 

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