New York City Apartment Building Commercial Loan Modifications
Multifamily Investor has assembled a Rapid Response Team of former bank executives to assist you.
Unlike other brokerages:
1) Our immediate goal is the fire sale of your loan or property. We’re happy to get your loan modified.
2) Our Rapid Response Team is made up solely of former bank executives.
Click here to get immediate no-obligation loan modification advice.
Our Rapid Response Team has direct relationships with more banks and private lending institutions than anyone else. Our skill sets run the spectrum:
• Loan modifications for apartment buildings in Manhattan, Queens, Brooklyn, Bronx, and Staten Island
• Litigation support and referrals for Manhattan, Queens, Brooklyn, Bronx, and Staten Island apartment buildings
• Debt and equity placement solutions for your apartment building in Manhattan, Queens, Brooklyn, Bronx, and Staten Island
If you’re in trouble, our Rapid Response Team will steer you in the right direction, and get you to where you need to be.
The worst thing a distressed borrower can do is…nothing.
The second worst thing a distressed borrower can do is try to work things out direct with the bank.
Most lenders do not want to deal with the borrower who “made the mess.”
Most borrowers also lack the understanding of how the banking world works. If a borrower attempts to resolve matters on his own, he risks accidentally waiving certain rights, and failing to advocate best for himself. Even attorneys who are used to dealing with banks and their different departments (underwriting, risk management, asset liability) may not be a borrower’s best line of defense for saving his apartment building in Manhattan, Brooklyn, Bronx, Queens, and Staten Island.
Our Rapid Response Team offers borrowers, owners, sponsors, and guarantors an experienced, patient, helpful interface that adds value. We understand risk-rating schemes and terminology that bank officers use. As a result, our Rapid Response Team has a higher likelihood of negotiating and convincing banks to restructure the loan in order to mitigate your losses and preserve your apartment building in Manhattan, Brooklyn, Bronx, Queens, and Staten Island.
We sat in the corporate suites of financial institutions and approved loans. Our Rapid Response Team will have a greater likelihood of knowing how to get their former colleagues to approve new loans, or modify old ones. Our Rapid Response Team has mastered the areas of loss reserves, allowances, and risk ratings. We understand what it means when a risk rating goes from a 6 to an 8, and how a financial institution copes with that problem.
Our Rapid Response Team provides free consultations. No strings attached.
After a free half hour conversation, if the borrower decides to move forward, our Rapid Response Team prepares a comprehensive package for the
lender. This package includes tax returns, profit/loss statements, and an evaluation of property and borrower. These typically cost borrowers $5,000-$10,000.
Before you spend that kind of money, or put down a deposit, call Neil (212) 584 8030 for a free consultation with Neil & the Managing Director of our Rapid Response Team.
The time to save your apartment building in Manhattan, Brooklyn, Bronx, Queens, and Staten Island is now.
