Cleveland Commercial Foreclosure Lawyer
Across the United States, difficult economic times are not only hitting individuals, increasing the amount of residential foreclosures. They are also hitting businesses, resulting in a high number of businesses closing and commercial foreclosures.
At the Gregory R. Glick Co. in Cleveland, Ohio, we provide comprehensive representation to business owners and affiliates that are dealing with a commercial foreclosure. These cases are handled similarly to residential foreclosures, but often lead to an extremely devastating impact on the business and its future.
There are a number of strategies we can employ when attempting to deal with the threat of a commercial foreclosure, including:
- Negotiating with the lender to see if the terms of the property loan can be revised, allowing the business remain in its current location and pay on the money owed.
- Assist in a Sale/Leaseback whereby an investor purchases the real estate and leases it back to the business owner so that the business can continue at its present location. This satisfies the bank debt and improves the credit rating of the business.
Business Law Attorneys
In addition to handling commercial foreclosures and bank mortgage issues, we also provide businesses with comprehensive representation in day-to-day business dealings and commercial litigation. We can act as your “outside in-house counsel” whenever necessary and pride ourselves on the lasting relationships we have established with local businesses.
To further discuss how a business mortgage foreclosure may impact your business, or to schedule an appointment, please contact us.