COMMERCIAL LOAN MODIFICATIONS FOR RETAIL PROPERTIES
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A commercial loan modification for a retail property will be dependent on many factors. Our loan mod lawyers will conduct a comprehensive analysis of your retail property, whether it is a stand alone retail store, a strip mall or a shopping center. Our analysis will include a review of the current financials of the property as well as the financials at the time the loan was originally funded. Our analysis of these financials will give our lawyers the framework to begin developing our proposal for a commercial loan modification.
We will also consider the quality of your tenants in order to determine the likelihood that they will be able to remain as tenants throughout the rest of their lease term. An analysis of your tenant leases will also give our attorneys valuable information with respect to what type of commercial loan mod may be right for you. A review of the leases will allow our lawyers to determine what type of loan payment your retail property will be able to support once a commercial loan restructuring is negotiated.
In addition, our attorneys will research what comparable retail properties around your retail property have recently sold for. We will work closely with you to develop a proposal for your lender that will allow you to continue to own and operate your retail property in a manner that makes economic sense. Our comprehensive analysis will allow us to submit a proposal that is well thought out and provides the bank with the information they need to make a well informed decision. This approach will increase the likelihood that your lender will restructure your loan.
At Hanasab & Zolekhian, LLP, we approach each retail loan restructuring with this same well rounded, professional approach in order to ensure that your loan restructuring is viewed by your lender as a viable option that they will appreciate as a serious proposal.
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