Somewhere Over the Rainbow: A Guide to Successful Loan Workouts - Part Three
Commercial Lending and Real Estate Partner Susan Booth wrote an article for National Real Estate Investor as part of a series on loan workouts. In this article, the third in the four-part series, she outlines how a lender should develop their strategy. A good strategy is one that takes into account all of the pertinent facts. There is no established set of rules, and each situation is unique. The “perfect” strategy in one situation could lead to disastrous consequences in another. This is why it is so challenging to develop a successful strategy.