Borrower, Have You Started Preparing for Your Meeting With Your Lender to Discuss a Loan Extension or Restructuring? Part II

In Part I of this three-part blog on meeting with your lender, Charles Aster discussed the new June 2023 Policy Statement (the "2023 Fed Policy Statement") issued by the Federal Banking Authorities (the “Feds”), the upcoming real estate crises due to $4-5 Trillion of office mortgage loans maturing in 2024 and 2025, an how the Feds foresee and want to modify current banking guidelines to assist both banks and borrowers in extending and restructuring their troubled commercial real estate (“CRE”) loans to get past the next few years.

Borrowers, read Part II - How the Borrower Needs to Approach this Meeting with Its Presentation and Plan here.