While you may understand some aspects of the loan workout process, you may not know all of your rights. We feel it is better to at least be educated before deciding to go through with the process on your own. Although you may want to have complete control of your situation or not want to pay more out of pocket to find help, realistically you could be costing yourself more distress by taking the reins. You’ll experience much less pressure if you can remain out of direct communication with your lender – let us tell you why.

1. You may not understand the rights and obligations of your asset.

You may understand some aspects of the industry, but chances are you don’t know your rights or your legal obligations. There are fine prints to your contract and many legal leverage points that the banks have and that you don’t know about. Overlooking these terms and conditions could cost you your asset.

2. The workout process could exhaust your time and energy.

Having to deal directly with your lender will require a lot of time, effort, and inevitably, money. Commercial loan workouts are no easy task; they require a thorough and well-strategized approach to understanding all the negotiable aspects of the asset. Breakwater Equity has the expertise and resources to strategize a game plan. We have a staff of lawyers and financial analysts who will spend hours collecting information and reading data if necessary. They meet routinely and spend most of their day reviewing your financial situation. Even with years of experience and knowledge of the industry that is insurmountable, the process is inevitably lengthy. Trying to do this on your own will exhaust your time and energy. You should spend your time doing what you do best and let us do what we do best.

3. You could ruin a potentially peaceable relationship with your lender.

Clients often jump the gun by attempting to talk to lenders on their own. They figure speaking on their own behalf in this situation will get them the most desirable results. However, you may not know the appropriate codes of conduct. Even worse, though understandable, your emotions could interfere with a reasonable conversation and may contaminate an otherwise harmonious relationship. This could hinder the success of future dealings

4. You may not understand banking regulations or the workout process.

Although we do not doubt your knowledge of the financial world, we often encounter clients completely aloof to the workout process. Our experience with workouts in the past has allowed us to learn all the complexities of bank legalities as well as how to execute a successful workout. The process is multifaceted, ranging from real estate and legal regulations to banking and economic conditions. We realize how involved workouts are which is why we have an entire team work on one case, rather than just one person.

5. You will not get the same results the experts at Breakwater could give you.

As stated, our team is highly qualified, having legal, financial, and real estate backgrounds. We specialize in commercial loan workouts, meaning while you may have the pressure of your own career on top of your deteriorating financial situation, we will spend all of our time thoroughly analyzing your loan agreement and uncovering any discrepancies you may have missed. With a track record of over one-hundred successful workouts, we can assure you a satisfactory outcome that a lawyer or you may not be able to maneuver. It’s simple: let us do the work.