What is Breakwaters Commercial Workout Process?
• Analysis of the strengths and weaknesses of the clients financial situation including: • Personal • Assets • Tax considerations • Financial Institution • Generate recommendations based on our findings • Present potential strategies for Phase 2 Phase 2 • Take full responsibility and negotiate on the clients behalf • Implement Phase 1 Generated Strategies • Direct negotiations with lending institutions • Written communication • Verbal Communication • Address Tax Implications • Address capital considerations • Bring about a successful resolution in the shortest timeframe possible How do commercial loan workouts succeed? The central aspect of the workout process is research and analysis. Once all the components of your financial situation are taken into account, the next step is to review your current loan, and consider all the options available for your particular situation. We have found that when our clients talk openly and honestly with us about their situation, we can best serve the
