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Values and Incomes of Commercial Real Estate Have Declined by As Much As 50% Since 2005. Many Properties Will Be Lost to Foreclosure. Will You or Your Client Be the Next Statistic?
Time for a Financial Workout?
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Are you struggling to make your payments?
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Are you unable to refinance?
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Is your commercial loan coming due in a slow market?
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Are you or your client quickly running out of options?
The Problem:
There is at least $3.5 trillion in outstanding commercial debt. Almost $535 billion of this debt will mature between now and 2011. Currently, $49.1 billion is in "special servicing" due to late payments or default. At least 65% of this maturing debt will not have the equity necessary to qualify for a new loan.
Professionals like your CPA or attorney do not have the expertise to re-underwrite your loan or to negotiate with your lender to modify or extend them. Your property is thereby subject to foreclosure.
A Solution for Commercial Property Owners Struggling with Reduced Income and Lost Equity:
Commercial loss mitigation services offers YOU a competitive advantage like no one can. Let an experienced loss mitigation specialist analyze and re-underwrite your property's current net operating income (NOI), cash flow and asset information to greatly improve your chances of workout success. Our underwriters will assess the current value of your property and your lender's prospective losses including foreclosure costs that they will have to publicize. The stakes are high for all concerned. Our negotiators speak the language of commercial loan loss mitigation departments nationwide.
The Key to Your Success:
Most lenders would much rather deal with an experienced third party negotiator than with borrowers who are emotionally involved and who lack objectivity. Loss mitigation may not be your expertise. Acting alone, you are very unlikely to obtain the best outcome and may be forced into foreclosure.
TAMCO Capital LLC's affiliate commercial loss mitigation division specializes in commercial loan workouts and restructuring. Our team of skilled professionals are well positioned to handle your transaction with the utmost transparency and competence.
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SPECIALIZING IN INCOME-PRODUCING
SHOPPING CENTERS
REGIONAL MALLS
CHURCHES
HOTELS/MOTELS
OFFICE BUILDINGS
STRIP CENTERS
APARTMENT BUILDINGS
WAREHOUSES
INDUSTRIAL BUILDINGS
MIXED USE PROPERTIES
CMBS LOANS
NO COST EVALUATION
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We start the process by pre-qualifying each file. After gathering preliminary underwriting information from you, it is entered into an online automated proprietary system that results in an immediate decision. If we are unable to obtain an automated approval we can refer your file to an experienced underwriter for further review. The reality is that not every transaction will qualify. However, there is absolutely no cost to pre-qualify and to get an honest decision. If you are approved, then we execute a retainer with terms that are fully disclosed. You are never under any obligation nor do we employ high pressure sales tactics. We don't have to. Clients intuitively understand it to be in their best interest to employ the best professional for the job. It's a no-brainer.
Full Transparency:
We utilize a state of the art online tracking system that you have full access to 24/7. Detailed notes are made to your file each time work is done on your behalf. A secure window into your transaction allows you to complete your profile, upload exhibits, view and respond to notes and view status throughout the negotiating process. Stay engaged and informed. What could be easier?
Contact us today at 800-684-3092 ext. 11 to see if we can help. Or email your request to underwrite@tamcocapital.com.
Debra R. Napier Senior Finance Consultant (407)403-5460
Consultants are standing by to take immediate action on your behalf. Don't delay. Act now!
*Consultants can pre-qualify you over the phone. You will be asked to provide detailed operating information about the property and existing debt. Be sure to have this information available prior to your scheduled consultation.
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