Businesses can default on commercial mortgage loans for any number of reasons:
Changing consumption patterns
These unplanned circumstances can leave you scrambling to meet mortgage payments and maintain the upkeep of your commercial properties. In such a bind, Tobias Commercial understands that you need a solution quickly.
If your commercial property is presenting a problem for your business – or if it is in danger of foreclosure – you could be a perfect candidate for the commercial short sale. The short sale in commercial real estate is an often-overlooked process for remedying stressful situations that have compromised properties that are now weighing heavily on businesses.
Tobias Commercial’s team has a combined experience of 45 years successfully helping commercial property owners negotiate commercial short sales on properties in the Temecula Valley. Commercial short sales often involve more complicated business contingencies than residential short sales, so it is important to fully understand the process and have someone experienced in commercial short sale negotiations to represent an owner in pursuit of an equitable solution with the lending bank.
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We have successfully negotiated short sales with the following vendors:
● Bank of America
● Chase Bank
● Wells Fargo
● U.S. Bank
● Bayview Loan Servicing
● CASS Commercial Bank
● First Citizens Bank
Do you think you could be a candidate for a short sale? Let us help relieve your stress. Contact us with questions regarding your distressed asset or for client references. We’re happy to help.
Tobias Commercial is Temecula Valley’s experienced broker in commercial real estate. Whether your needs span purchasing, leasing, landlord representation, or tenant representation, our team of knowledgeable experts will help you buy and sell investments, lease out property, and manage any size portfolio.
Have other needs not mentioned here? We’d love to talk to you about your specific commercial real estate requirements.