A commercial loan workout is an excellent alternative available to commercial property owners that are struggling to pay off and satisfy their current commercial loan. The ultimate goal is to convince the bank/lender to accept a settlement figure that you are capable of paying. Acceptance of this figure by the bank/lender will cause the loan to be satisfied and discharged. To achieve such an ideal outcome, skilled and experienced negotiation tactics are a must. Our firm has helped numerous commercial clients shave off large principle amounts off their loan. Being able to negotiate a loan workout can mean the dramatic difference of owning your property outright or being forced to file for bankruptcy. Oppenheim Law has the experience necessary to give you the best possible shot in your attempt to reach a commercial loan workout with your lender.
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