Special Loan Servicing
Fairview is an expert in special loan servicing of commercial real estate loans. Our focus is on special servicing of defaulted or troubled commercial real estate loans. Fairview strictly services commercial real estate loans for both its own portfolio as well as for insurance companies, private lenders, and other hard money lenders. Fairview’s high-touch model for special servicing helps maximize value to the note holder.
Special Loan Servicing Expertise
- 30 months ago began seeing signs of distress in both our portfolio and the loans we service for our clients
- Worked through defaults (foreclosures, BKs, etc…) throughout the country
- Hands on experience resolving complex files. The partners are personally involved in every default
- Learned valuable lessons as a result of our experiences to quickly stabilize properties while minimizing exposure and legal expenses
- Have attorneys, leasing agents, contractors, etc… identified throughout the country to assist on transactions as needed
- Well established trained servicing organization already in place and ready to hit the ground running on files
Developed the following special Loan Servicing strategies:
- Handle complex bankruptcy filings with various secured/unsecured creditors
- Quickly gain control of the cash flow from the property (mortgagee in possession, enforcement of loan docs, etc…
- Secure and stabilize properties
- Work with borrowers on forbearance agreements, workouts, etc…
- Negotiate with current tenants and prospective tenants on leases
- Identify and monitor “at risk” transactions and respond quickly to possible symptoms of default
Contact Fairview loan servicing to see how we can help your organization save money and time by outsourcing your special asset commercial loans.
