Commercial Properties · Gay-Lynn Chavez & Francisco Williams, CCIM
A loan that comes due before you are ready is a hard thing to face. Commercial loans do not follow the same rules as home loans. Your loan may have reached its maturity date. That is the date the whole loan comes due (a balloon payment). If it has, the rules are different. Ask your lender and a lawyer of your own what must be paid. We help commercial owners in Southern California compare their choices. You may sell, get new financing, or work out new terms with your lender. Each choice is explained below. Free first call. Plain answers, no pressure. Once you hire us as your agent, we represent you — not your lender.
Commercial Resolution Paths
Led by co-principals Gay-Lynn Chavez (DRE #01433767, Broker: eXp Realty of California, Inc., DRE #01878277) and Francisco Williams, CCIM (DRE #01979442, Broker: Exp Commercial of California, Inc., DRE #02134436). We represent owners of homes and commercial property. That includes retail, apartment buildings (5+ units), industrial, office, mixed-use, and land.
We are real estate licensees, not a law firm, and we don't give legal or tax advice. If you need legal advice, we can refer you to an independent attorney.
Commercial Step-by-Step Process
Here is how we work with commercial property owners across Southern California.
You speak directly with Gay-Lynn Chavez or Francisco Williams, CCIM. We check the date your loan comes due. We check the dates on any Notice of Default (NOD) or Notice of Trustee's Sale (NOS). The NOD is the first recorded notice; it starts the foreclosure clock. The NOS is the notice that sets your auction date. We look at your payoff demand. That is the lender's written statement of what it takes to pay off the loan. We also look at your rent roll. That is the list of tenants and the rent each one pays. And we look at your property expenses.
We write up an estimate of value and costs. It lets you compare a sale, a short sale, or a lender workout. Our first review is free. We charge no upfront fees. Before you sign anything, we tell you in writing how we are paid. We also tell you what sale costs to expect.
Ask a lawyer of your own about the loan papers and any personal guarantee. We handle the brokerage work. We get the property ready to sell. We check out buyers. We handle the escrow steps. Escrow is the neutral company that holds the money and papers until the sale closes. An offer or an open escrow does not stop or pause an auction by itself. Only your lender, the trustee, or a court can change a sale date. The trustee is the company that runs the sale. Its name is on your notice of sale.
Talk With Us · Free First Call
We serve these seven Southern California counties: Los Angeles, Orange, Riverside, San Bernardino, San Diego, Ventura, and Santa Barbara.
We are real estate licensees, not a law firm, and we don't give legal or tax advice. If you need legal advice, we can refer you to an independent attorney.