Lenders Reluctant To Modify Loans for a Lengthy Period
Lenders Reluctant To Modify Loans for a Lengthy Period "Lenders usually are reluctant to modify a commercial real estate loan for more than 12 to 18 months," stated Kevin Levine, Executive Vice President of Strategic Asset Solutions (SAS) of Woodland Hills, California. "In some instances, they will agree to consider an extension of a loan modification subject to review and at the lender's sole discretion," Levine said. Woodland Hills, CA (PRWEB) January 13, 2011 “Lenders usually are reluctant to modify a commercial real estate loan for more than 12-18 months,” stated
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