Episode 5: Nuts and Bolts of Loan Modifications
The Property Line is a brief and lively discussion of the biggest issues facing the commercial real estate industry. The podcast will deliver insights from Seyfarth's real estate lawyers and other industry leaders on current market trends and how they impact all facets of commercial real estate.
Episode 5: Nuts and Bolts of Loan Modifications
In today's volatile market, commercial real estate loan modifications are an important tool to address loans that are, or may soon be, in default. They can also be valuable in connection with routine servicing requests. Seyfarth Real Estate partners Arren Goldman and Tobi Pinsky return to discuss:
- Initial steps for loan modifications and the importance of pre-negotiation agreements
- Obstacles that lenders and borrowers may face when modifying a loan, including costs, timing, and pandemic-related issues
- Key takeaways for when a loan modification does not work
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
