Unfortunately, sometimes commercial real estate investments do not go as planned. Whether the market has changed on you or your assumptions were not what actually occurred, sometimes a property owner needs some assistance.
That’s when it may make sense to approach your lender and see if there is a deal to make. Often the lender does not want to own the property. As a result, it may be willing to negotiate with the property owner to come to an agreement that benefits both parties.
At Bukowski Law Firm, we have good relationships with many lenders and can help you approach and succeed in your goal to get a workout with your lender approved.