A new accounting guideline has put U.S. commercial mortgages in danger of not being refinanced.  If you bought commercial property within the last 7 years, your property is at greatest risk.

Under this new guideline, U.S. banks now have to base their refinancing of a mortgage on the current market value of a property rather than the property value at the time of purchase.  (You can read more about this new guideline here)

Because of the economic upheaval of the last several years, this means that over 80% of commercial properties whose notes mature between now and the end of 2012 WILL NOT QUALIFY FOR REFINANCING and will be classified as distressed assets EVEN WHEN THE OWNER HAS NEVER MISSED A PAYMENT AND THE PROPERTY IS CASH FLOWING!

With a whopping $2.5 Trillion in notes maturing by that 2012 date, commercial real estate is facing a critical point.  Fortunately for property owners, the FDIC is strongly encouraging all U.S. banks to get those non-qualifying assets off of their books and to cut back on foreclosures.

What this means is that, even though they were not willing in the past, the banks are now VERY OPEN to negotiating note workouts.   Discounted note workouts provide a vital solution to the banks as as well as to property owners themselves – this is a win/win scenario.  In fact, bank asset managers are actively pursuing this program because it can dramatically minimize their losses.

Ours is one of a very few hand selected groups in the country that is able to offer this highly sought after and exclusive commercial loan workout program.  We are partnered with a national publically traded insurance company that is funding the purchase of discounted notes for investors and property owners caught in the throws of this latest commercial banking crisis.

***NOTE***  This program can provide up to 100% of the capital needed to take the bank out of the equation on the discounted note workout for the right scenario.***

While we certainly welcome banks and asset managers to contact us, we encourage owners of commercial properties to be very proactive here.  Though these workouts can often close in as little as 2-3 weeks, they can take 3-4 months to finalize in some casesa – it is to your advantage to get ahead of your note maturity date.

In addition, the program can also be used for investors wishing to acquire the notes on performing assets that have been caught up in foreclosure.

Loan Workout Advantages:

• - high principal reductions
• - increased cash flow
• - new loan is assumable
• - lower rates
• - fast closing (generally)

Potential Disadvantages:

1. - borrower may need to bring in fresh cash
2. - financials are required (3 years)
3. - property must be cash flowing

Apply online or call us today to learn more about this program!!  877-683-6006.

**References can and will be readily provided once we have reviewed your file and have an acceptable solution.  Remember, there is NO COST to have us review your scenario.