Arizona Commercial Loan Workout Attorney
Commercial loan workout has been around for a lot longer than this current recession. Ever since there have been business deals and loans, there has been workout when things don’t go as the parties planned. If you have an Arizona business loan or commercial property loan that you’re struggling with, our commercial loan workout attorney can help. Here are just some of the many commercial loan workouts we can help with:
Commercial Real Estate Loan Default
In Arizona, many commercial real estate loans and mortgages are now upside down, just like the residential loans. We understand that commercial real estate loans and mortgages are far more complicated than residential. Often, they come with complicated easement agreements, equipment financing documents, an assignment of rent provision and personal guarantees of the business owners.
When a commercial real estate loan goes into default in Arizona, chances are the borrower is not protected from deficiency liability. This means, that if the property goes to foreclosure, the borrower may be liable for the difference between the purchase price and the debt amount.
This is where commercial loan workout comes in. We have years of experience with Arizona commercial real estate transactions and loan workout. We understand the complex and intricate documents involved and defenses available to borrowers. Our firm negotiates large reductions in commercial real estate loans, settling them without the need for bankruptcy. We help clients reach an agreement that resolves the debt for a fraction of what the lender alleges is owed.
Business Loan Workout
Many small businesses rely heavily on business loans to get off the ground or even to maintain operations. If you have a business loan you’re struggling with and things haven’t gone as planned, we can help. Here are some types of business loan workouts we can help with:
- SBA Loans
- Equipment Financing Loans
- Inventory Loans
- Commercial Vehicle Loans
- Construction Equipment Loans
- And many more
Nearly any type of business loan is subject to our workout process. And because we are also experienced business litigators, we can defend you and your business if you’ve been sued. Let us develop a strategy to resolve your business loan debt without bankruptcy.
Get a free consultation with a commercial loan workout lawyer.