Forbearance Agreement (Commercial Real Estate Loan) (Pre-Workout) (FL) | Practical Law
A forbearance agreement for use when a borrower defaults on a commercial real estate loan secured by real property in Florida and the lender agrees to temporarily refrain from exercising its remedies. This Standard Document is intended to memorialize a short-term forbearance period without any substantial restructuring of the loan. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.