Loan Modifications (Commercial Real Estate): Overview | Practical Law
An overview describing commercial real estate loan modifications. This Note describes the risks associated with modifying a commercial real estate loan and gives examples of when loan modification may be inappropriate. This Note discusses the difference between modifying a loan to address document errors or to address changed circumstances. This Note also contains an overview of the due diligence and closing procedures for a loan modification and briefly discusses document drafting strategies that help avoid the need to modify a loan.