Real Estate Loan Modification is a process of changing the mortgage terms permanently from the original agreement between the mortgage holder and a business or an individual who owns a commercial property such as shopping centers, strip malls, apartment buildings, office buildings and warehouses.

Real Estate loan modification can encompass any of the following types of properties:

• Rental Properties
• Multi-Family Properties
• Retail Properties
• Manufacturing and Industrial Facilities
• Hospitality Properties
• Office Buildings
• Other Commercial Properties and Land

Similar to residential loan modifications, lenders are often willing to reduce your monthly payment using a number of different methods including reducing your interest rate, lengthening the term of the loan, allowing for interest only payments for a predetermined period, and delaying payment of past due amount to the end of the term of the commercial loan.

Upon our review of the preliminary information and the documents supporting the information provided by the client, we will engage the lender to negotiate and obtain a loan modification. We strive to obtain modifications to our clients’ loan(s) that allow our clients to keep their business operations afloat.

FIFLEX Enterprise offers a product that represents borrowers in the restructuring of their commercial real estate loans. With lenders still reeling from the collapse of the residential real estate market, they are now scrambling to shore up the commercial real estate loans on their books. As a result, banks are now willing to restructure or modify these commercial real estate loans.

Whether or not your commercial real estate loan is currently in default, a commercial loan modification may be an option for you. A restructured loan can give you breathing room to keep your mortgage payment at a rate that makes economic sense. A commercial loan modification can lead to a lower interest rate, an interest only payment period, a reduced principal amount or a combination of these modifications. In some instances, we can even negotiate a purchase of your note from the bank at a discount. A commercial loan modification allows the bank to save on the cost and expense of a foreclosure while allowing them to maintain a positive relationship with their current borrowers. A successful commercial loan modification is a win-win situation for both borrowers and lenders.

FIFLEX Enterprise is perfectly positioned to assist borrowers in negotiating a successful commercial loan modification. We use our established relationships with lenders to take the interests of our clients’ directly to the decision makers.