Commercial Loan Modification Specialists
Performance Solutions is an attorney backed industry leader specializing in commercial loan modifications and is sought out nationally by attorneys, mortgage brokers, realtors, property managers and commercial property owners for comprehensive, results-oriented loan modification services.
Commercial property owners who have been caught in the economic down cycle can be confident that Performance Solutions employs only the very best loan modification professionals in the industry. The team of commercial loan modification specialists and representatives at Performance Solutions includes attorneys, negotiators, underwriters, mortgage specialists, real estate, foreclosure specialists and processors. The entire team at Performance Solutions is highly trained, experienced and dedicated to securing the best loan modification terms for their clients.
What is a Commercial Loan Modification?
A commercial loan modification is an adjustment of the terms of the current loan such as a lower interest rate, a fixed rate, an extended term or even a principal reduction allowing for a more affordable monthly mortgage payment. By modifying a commercial loan properly (with a professional loan modification company) a property owner can avoid foreclosure, greatly reduce their monthly payment, reduce the principal amount owed and gain greater cash flow.
Performance Solutions offers loan modification services to commercial property owners who may be facing foreclosure or who are having difficulty maintaining enough rental income/cash flow to offset their commercial mortgage obligations. Through a commercial loan modification, a property owner can modify the terms of their current loan in order to make their monthly payments more affordable. There are several ways a commercial loan can be modified, such as:
Interest Rate Loan Modification: Whereby the lender will agree to reduce the interest rate of the loan allowing greater flexibility with money management and cash flow
Term Loan Modification: Whereby the lender will agree to modify the term of the loan by extending it which enables the monthly mortgage payments to be reduced
Principal Balance Reduction Loan Modification: Whereby the lender will agree to reduce the principal balance which will cause the monthly payments to be reduced
Interest Only Loan Modification
: Whereby a lender will agree to recapitalize the principal at a later date while in the short term only requiring interest payments thereby reducing the monthly obligations
Forbearance: Whereby a lender will agree to reduce the principal and interest payments for a period of time after which the amount temporarily forgiven will be recapitalized at a later date
Who Does Performance Solutions Work With?
Performance Solutions offers services to a variety of commercial clientele, including:
Owners of Commercial Properties, such as:
- Office Buildings & Complexes
- Condominium and Apartment Complexes
- Hotels, Motels, and Resorts
- Industrial Facilities and Warehouses
If you are interested in learning more about the commercial loan modification services offered at Performance Solutions,
contact the office today at 866-216-2671. The company offers free consultations, and is committed to providing clients with the expertise, attention to detail, and high-quality service they need.