A proposal does not suspend a deadline
Continue to track contractual dates and notices with counsel; relief requires the lender’s agreement.
Maturity / restructuring
Loan Workouts
Financial analysis and capital strategy for loans facing maturity or operating challenges.
Explore representative terms
01 / Program overview
Where it fits.
A loan workout begins with the existing documents, property cash flow and lender’s position. Potential paths include an extension, revised payment terms, additional equity, refinancing or sale. Kiser evaluates the financial alternatives in coordination with the borrower’s legal advisers.
Suitable transactions
- Prepare for a maturity with insufficient refinance proceeds.
- Evaluate alternatives after income or collateral value declines.
- Organize a proposal for lender or servicer consideration.
What we evaluate
- Loan documents, notices, guarantees and the exact debt balance.
- Current operations, credible projections and sponsor liquidity.
- Lender or servicer approval authority and a realistic repayment path.
02 / Market guide
Representative
Market Terms
A starting point for evaluating the structure. Final terms depend on the property, sponsor, business plan and capital provider.
Discuss your scenario| Parameter | Guideline / consideration |
|---|---|
| Loan balance / new capital | Determined from existing debt and the proposed resolution. A workout is not a standardized new-loan program. |
| LTV / LTC | Review current value, basis and expected recovery. Existing leverage may exceed a new lender’s limits. |
| Term / extensions | Negotiated with the lender or authorized servicer. No entitlement to an extension or fixed extension length. |
| DSCR / debt yield | Test current and sustainable repayment capacity. Use supportable income and expenses, not only an optimistic recovery case. |
| Pricing / payment relief | Existing documents and agreed modifications govern. Review default interest, fees, accruals and any payment accommodation. |
| Amortization / interest only | Changes require approval. Deferred payments may remain payable later. |
| Recourse / guarantees | Existing obligations remain unless expressly modified. Counsel should evaluate guarantees, releases and enforcement rights. |
| Prepayment / payoff | Obtain a verified payoff and review negotiated alternatives. No discounted payoff or principal reduction is promised. |
| Reserves / sponsor cash | Assess protective advances, repairs and additional equity. New capital depends on the approved restructuring plan. |
| Timing | Driven by maturity, notices, diligence and lender authority. No guaranteed resolution period or automatic standstill. |
| Control / consent | Lender, servicer and other stakeholders may need to approve. Check who has authority before relying on a proposal. |
| Eligible properties | Commercial properties facing maturity or operating stress. Financial viability and creditor cooperation shape available paths. |
| Geography | Location reviewed with the capital provider. Property location and capital-provider coverage are reviewed early in the process. |
Representative terms are subject to market conditions, underwriting and lender or investor approval. Actual proceeds and structure depend on the transaction.
03 / Structure matters
Look beyond
the headline.
New money needs a viable plan
An extension or cash contribution should address the repayment problem, not only the immediate maturity.
Start with the property
Let’s discuss the next step.
Share the property type, business plan and timing. We’ll use that context to evaluate the capital strategy.
Discuss Loan Workouts