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
