A wave of business loan trainings is expected over the next 2 years or so. Why?

Commercial real estate mortgage loans with terms of 7-10 years will be reinstated for a large number of commercial real estate owners. The commercial real estate boom began around 2002 when many buyers flooded the market. Now that all of those notes must be reinstated, many homeowners are unable to refinance due to declining property values.

What option is there besides a default loan? Homeowners can apply for a business loan.

Most of us have already heard of homeowner mortgage loan modifications. But now loan modifications or trainings are starting to enter the market.

To start the process, a general assessment of your commercial properties and financial situation is done with the help of a commercial loan management professional. Below are all the options so you can make an informed decision. Lastly, a settlement specialist will work to renegotiate the terms of your existing commercial mortgage loan with your lender to stop a default, increase cash flow, and provide the best possible loan terms.

A business loan restructuring restructures or modifies an existing loan to improve terms in favor of homeowners. An alternative solution training is expected to increase in the coming months. Response time is 30 to 90 days.

The ideal client for a training has an overdue balloon note or cannot refinance.

No appraisals or credit checks needed! Clients considering a business loan restructuring can expect one or more of the following: rate reduction, term extension, reboot balloon, forbearance, interest-only temporary payments or no temporary payments.

A commercial loan restructuring restructures an existing commercial real estate loan on more favorable terms. Commercial trainings are only conducted to change the terms of the loan, not to fund or refinance a commercial real estate loan. Any commercial property, such as apartment complexes, office buildings, industrials, shopping centers, storefronts, and commercial premises, is allowed for commercial loan trainings.

Because many homeowners are unable to meet their mortgage obligations, commercial lenders are now willing to modify their existing home loans to avoid default. The key to preventing a default is to be proactive when contacting your lender or seeking the help of a business loan repair company.

Commercial home loans are much more complex than residential home loans. Hiring a professional business loan repair firm can help you navigate through the negotiation process with your lender.

Sometimes a modification may not work and a short sale is necessary. A short sale allows the homeowner to sell a property for less than the actual balance of the mortgage loan. This is an alternative to foreclosure. The landlord must prove to the lender that there is a financial hardship.

The only problem that can occur is that the difference between the amount actually owed vs. the discounted amount of the short sale may be a taxable profit. An experienced training company can help you avoid this potential time bomb.