Forbearance Agreement (Commercial Real Estate Loan) (Pre-Workout) (CA) | Practical Law

Forbearance Agreement (Commercial Real Estate Loan) (Pre-Workout) (CA) | Practical Law

A short forbearance agreement for use when a borrower defaults on a commercial real estate loan secured by real property in California 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.

Forbearance Agreement (Commercial Real Estate Loan) (Pre-Workout) (CA)

Practical Law Standard Document w-010-0044 (Approx. 32 pages)

Forbearance Agreement (Commercial Real Estate Loan) (Pre-Workout) (CA)

by Practical Law Real Estate
MaintainedCalifornia
A short forbearance agreement for use when a borrower defaults on a commercial real estate loan secured by real property in California 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.