Commercial mortgage brokers and their borrowers are currently struggling with how to effectively deal with maturing commercial mortgage backed security (CMBS) loan transactions. Many owners of commercial properties are not currently able to refinance their properties under any circumstances. The solution for many may be a commercial loan modification. We can help you modify the term, rate, payment or loan balance in some situations.

Borrowers need to demonstrate to their servicers and lenders their ultimate payoff plan and why it is in the lender or servicer's best interest to extend, modify or reduce their current debt obligation. These waters can be very difficult to navigate.

Commercial loan modifications are complex and have numerous legal ramifications. A successful commercial modification is usually negotiated with the help of an experienced legal firm.

Janus Capital Law Group's CRE practice is built upon a team of experienced attorneys, commercial real estate analysts and underwriters; all ready to assist with the unique issues facings investors, landlords and lenders. These attorneys deal directly with the CMBS Portfolio Special Servicers or Asset Managers themselves.

Whether you are trying to reduce the interest rate, short sale the note or property, restructure the amortization, reduce the principal balance to complete a refinance or extend the maturity date on your note, JCLG can help. As part of these services, they prepare a case file that includes capitalization values, demographic market reports, rental and vacancy analytic reports, and a Net Present Value analysis on the property. These characterizations are all included in the file submitted to your lender, reducing the work load on the servicer. Janus Capital Law Group also identifies the benefits of the proposed workout to your lender with supporting documentation for each claim. The lender's Loss Mitigation department quickly realizes the difference in dealing with a law firm that understands the various financial factors that need to be considered.

"JCLG was able to postpone my auction date with only 2 days notice and then worked to negotiate a workout with both lenders, after I was repeatedly denied."

Does your Loan to Value exceed 90%? Does the loan amount exceed the true value of the property preventing the property from being sold? Has the property been repeatedly turned down for refinancing by both conventional & private lenders? If a discounted payoff was obtained could you refinance or sell the property? Have falling market rents & increasing vacancies caused the property to negatively cash flow? Is there deferred maintenance? Has the lender or servicer previously denied an extension or loan modification?

If You Can Answer YES to Any of these Key Questions JCLG May Be Able to Help

Please contact Bay Area Capital Funding Inc. to schedule a free consultation with one of Janus Capital Law Group's attorneys or CRE analysts to see how our firm can help.

Phone 650-631-1800 Ask for Chuck Green

Email Chuck@BayAreaCF.com