CommercialLeads.net - Modification Industry Update
CommercialLeads.net - Commercial Loans Outstanding and Potential Solutions
Call Us Today: 1.888.677.1451
For the past two years CommercialLeads.net has been training Attorneys, Realtors, CPAs, Financial Advisors and Mortgage Brokers on the commercial modification process. There is still more than two trillion dollars in commercial loans coming due in the next 24 - 30 months. According to the Mortgage Banking Association there is still a total of 3.2 trillion dollars in outstanding commercial loans in the U.S.. 9.5% of them are delinquent. Those trained by commercialleads.net through 2009 and 2010 have added commercial modification to their service list and increased revenue significantly while saving jobs.
These maturing loans present a real threat to the U.S. economy if they are not restructured before their balloons mature. Currently 50% of all maturing commercial loans are defaulting or not making the balloon payment due to high ltv and decreased cash flow. Banks are unable to re-underwrite the loans because of new stricter guidelines preventing them from lending in high ltv scenarios. Most lenders are more than willing to create a workout solution for the borrower which typically extends the current maturity date out 2 - 3 years and in some cases provides an interest only payment solution to further pad the decreased DCR (debt coverage ratio).
As the only company providing access to a vast network of commercial professionals and borrowers, commercialleads.net is the industry's pathway to all segments partnering up and solving these remaining loan issues. With proper training and support industry professionals are able to assist commercial borrowers, add more revenue to their businesses and help solve a serious looming problem for their community and the country at large.
While most analysts believe the commercial market has bottomed out there are still pockets where the CAP rates are not falling and unemployment is still a major issue. Nevada, Michigan, Ohio, Indiana, Rhode Island, California, Florida and several other states are lagging way behind with state budget issues and high unemployment affecting the total picture. There is still a 2 to 3 year window before all of these loans are resolved one way or the other leaving plenty of opportunity for those interested in assisting borrowers to get educated and then get in the game.
For More information on CommericalLeads.net services please visit the main site at http://www.commercialleads.net
