Commercial Loan Modification:
A modification to an existing loan made by a lender in response to a borrower's long-term or short term inability to repay the loan. Loan modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default., or it simply may be a better business decision for the lender.

Commercial Real Estate:
Commercial Real Estate are owned or rented properties by corporations used in commerce. Some examples are malls, industrial parks, gas stations, convenience stores and office towers.

Commercial Real Estate Financing:
Financing sources for commercial real estate include mortgage banking firms, savings and loan institutions, regional banks, insurance companies, and private investors. Commercial real estate financing can take on very different terms, and the way deals are structured is based on a number of factors, including:

• Anticipated use of the property;
• Anticipated returns from the property;
• Geography;
• Type of real estate;
• Size of real estate;
• Perceived risk to lender;
• Market conditions.

Each of these areas must be examined by the business owner prior to seeking commercial real estate financing. Business owners then need to examine the type of loans offered by lenders in accordance with their needs and anticipated growth. Unlike obtaining financing for residential real estate, where the transaction is based on the value of the home at the time of the sale, commercial real estate financing will be based in part on the value of the business in the future.

Guardian Solutions:
Guardian Solutions was founded to provide information and assistance to business owners in need of commercial loan modification assistance. This firm is backed by years of (commercial) loan modification experience. Guardian Solutions provides a way to get business owners the information and help they need in order to restructure an existing commercial mortgage so that the business associated with the property can continue doing business when the original terms of the mortgage cannot be met.

Loan Workouts:
A series of steps taken by a lender with a borrower to resolve the problem of delinquent loan payments. Steps can include rescheduling loan payments into lower installments over a longer period of time so that the entire outstanding principal is eventually repaid.