Loan Workouts
In the wake of the ongoing credit crisis financial institutions, investors and owners are faced with non-or under-performing assets. Lower property values are forcing owners to make difficult decisions upon loan maturities. We assist our clients in raising funds to bridge the shortfalls for maturing loans.
Mortgage Equicap sources capital for workouts, acquisitions, partner buy-outs, or any other type of recapitalization required to maximize asset and recovery value at the earliest appropriate moment.
Loan Modifications
Mortgage Equicap assists real estate owners and developers in modifying commercial real estate loans. Some of our workout services include:
- Negotiate temporary interest relief and interest rate concessions
- Assist borrowers in structuring agreement with lenders to reduce, paydown and extend loans
- Assist borrowers in reviewing loan docs for flaws that may encourage lender cooperation, including, but not limited to improper methods of notice, failure to provide a proper cure period or immediate acceleration versus notice of intent to accelerate
- Structure forbearance agreements allowing the borrower to develop a workout strategy
- Represent borrowers in deed in lieu transactions and structure settlement, guarantee release and agreed foreclosure agreement with lenders
