Denver Attorneys for Loan Workouts and Restructuring
It happens. A business deal has gone bad and now the bank is screaming for money and threatening to take over your property. With real estate values dropping and a tough credit market, it can be very difficult to see a way out.
Denver business owners facing loan workouts often need guidance on corporate governance. If you have a distressed property, are facing foreclosure, or have a balloon payment coming due on a commercial property, turn to the real estate attorneys at Downey & Associates. Our experienced lawyers can help you explore options including loan workouts, loan restructuring or modifications, additional sources of funding, and other options to help you regain your financial footing. We represent clients in Denver, all Colorado communities, and across the nation.
Our firm represents developers, builders, contractors, hotel and resort owners, construction managers, real estate investors, retail or commercial property owners and others who need repayment options for a commercial property loan. Contact us for more information.
You Do Have Options
While the credit market may be tough, options do exist for owners of distressed properties. Our experience as real estate and business law attorneys, has us versed in the most common alternatives, but we can often present additional innovative solutions. We can help you leverage the new federal guidelines for commercial real estate loan workouts.
Our lawyers help clients explore options including:
- Receiverships
- Loan workout plans
- Loan modifications including reduced interest rates and alternate payment schedules
- HUD 221 Apartment loan options and other government financing options
- Additional sources of capital and alternative funding options
- Lender negotiations
- Other foreclosure alternatives
Contact Us
To speak with one of our knowledgeable real estate attorneys today, call 303-813-1111 or contact us online. We can help you determine whether a loan workout is the optimal solution for your circumstance. If it is not, we can present other creative alternatives to help you avoid foreclosure.
Frequently Asked Questions
What is a loan workout, and how can a loan workout attorney help?
A loan workout involves negotiating with lenders to modify the terms of a loan, aiming to make repayment more manageable for the borrower. A loan workout attorney can assist by evaluating your financial situation, negotiating with lenders on your behalf, and ensuring that the terms of the workout are favorable and legally sound. In Denver, our experienced loan workout attorneys are ready to help you navigate this complex process.
When should I consider hiring a loan restructuring attorney?
If you are facing financial difficulties and struggling to keep up with loan payments, it might be time to consult a loan restructuring attorney. These legal professionals can provide guidance on restructuring your loan terms to avoid default and foreclosure. Our Denver-based loan restructuring attorneys have extensive experience in negotiating with lenders to achieve the best possible outcomes for our clients.
What steps should I take if I need a loan workout in Denver?
If you need a loan workout in Denver, the first step is to consult with a knowledgeable loan workout attorney. At Downey & Associates, PC, we offer comprehensive legal services to help you through the loan workout process. To get started, contact us for a consultation and let our experienced attorneys guide you toward a workable solution.
Additional Information in Denver, Colorado
