Overview of Loan Servicers' Roles & Modification Requests

July 3, 2009 - Commercial real estate owners that financed their properties over the last several years are facing significant issues in their ability to satisfy loan covenants and continue meeting debt service obligations. Loan modifications and other concessions are, or soon will be, required to avoid a default and foreclosure. Identifying and obtaining the needed modifications that will likely be agreed to by the lender or servicer involves complex analysis with which few borrowers are familiar. This process is significantly more complicated when the loan has been securitized and the borrower must navigate the complex process of dealing with master, primary and special servicers to obtain the desired outcome. Further information on the loan servicers' roles and ARH's proven approach to achieve the needed modifications are discussed in greater detail in the following article, Overview of Loan Servicers' Roles & Modification Requests