Medro Updates

Commercial Loan Extensions: Assign Every Condition Before the Maturity Date

By Don McClain

A commercial loan extension request needs a decision owner for each unresolved condition. Record the contractual notice deadline, requested term, information required, approval authority and cash needed to complete the request. Keep requested, conditionally approved and executed terms separate. Connect any paydown with the owner’s business liquidity and broader capital plan. The 2023 interagency CRE workout statement supports prudent accommodations after financial review; it does not require a lender to grant extra time. Discuss a non-confidential maturity overview with Medro Advisors. Individual documents and professional review control.