Sentences with phrase «commercial loan guarantor»
Not exact matches
Representing bank in an action to recover a $ 14 million deficiency from borrowers and guarantors following a series of defaults on a commercial loan portfolio valued at $ 105 million.
http://www.thompsonhine.com/
If this is the case, the guarantor has immense leverage to force a buyout of her interest, even if she doesn't have a legal right to do so, because otherwise, she can effectively prevent the loan from being refinanced and can force the house into foreclosure if she doesn't co-sign a new loan, since all co-owners need to sign (as a matter of commercial reality) to get any mortgage loan.
Guarantors of commercial real estate loans need to carefully understand what they are doing before they agree to sign these documents.