Commercial Loan Modification

North Carolina Loan Modification Attorneys

When the economy is down, banks may increase the amount they want for a monthly payment or increase the interest rate to compensate for their losses. As a result, your once promising commercial real estate investment could now lead to financial difficulty and even bankruptcy. At the law office of Shipman & Wright, L.L.P. in Wilmington, North Carolina, we help negotiate loan workout deals between real estate developers and lenders.

Representing large scale real estate developers and contractors for more than 25 years, our real estate law attorneys have the experience, skill and knowledge needed to achieve results. We have successfully negotiated loan modifications for million dollar real estate deals and have helped developers renegotiate the terms of a loan if that is their best option.

Please contact our firm to learn how we may help you.

People need their loan modified for various reasons. For some, the economy slowed the sale of units. For others, the bank demanded a higher down payment or froze their assets due to a single late payment. Our loan modification attorneys will do everything possible to achieve a favorable outcome for you, whether that involves:

• Working out a payment plan
• Reducing or eliminating interest for a few months
• Extending the term of the loan
• Eliminating the loan through bankruptcy

Contact Us

If you cannot pay your commercial real estate loan for any reason, you should strongly consider speaking with a lawyer immediately. At Shipman & Wright, L.L.P., we will help you reach a practical solution that protects your rights and real estate interests. Contact us online or call 800-762-1990 to schedule a consultation.

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