Commercial Loan Default - #264

Apr 15, 2025

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Commercial Loan Default - #264

In this episode, we break down a five-year saga involving a major commercial loan default — a rollercoaster story filled with challenges, lessons, and (finally) a successful exit.

Back in March 2020, a borrower with a massive portfolio of commercial real estate reached out to us for liquidity. What followed was a series of 10 loans backed by 15 properties, a mix of strong assets and serious organizational chaos. From high cash flow and minimal leverage to bounced ACHs and missed payments, this story has it all.

We’ll walk you through:

How we sourced this deal and why it looked “too good to be true” at first
Why underwriting at a low LTV saved the day
The challenges of working with a disorganized next-gen ownership group
How default and foreclosure almost happened (but didn’t)
The ultimate refi and payoffs that wrapped it all up — five years later

Whether you’re a lender, investor, or just love real estate war stories, this episode gives an inside look at how commercial loan deals can go sideways — and still end well.

🎧 Tune in for all the gritty details and valuable takeaways for private lenders.

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Are you a new or experienced private lender or hard money lender? Join Jason Balin and Chris Haddon from Hard Money Bankers as they draw from their extensive experience running a successful hard money lending company since 2007. Tune in weekly with episodes related to all aspects of private lending. From discovering lucrative loan opportunities to securing private capital, effectively managing your loan portfolio, handling defaults, and much more, we've got you covered.

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