Work Out Solutions
We are full service commercial property experts offering commercial property loan workouts, when a refinance is not an option, and engineer performed cost segregation solutions in order to maximize cash flow!
If you are going to re-negotiate your commercial loan, you need experience and integrity. You need someone who knows commercial loans. Someone who knows how your loan was underwritten to begin with, how you qualified to begin with and how to re-qualify you - in order to improve your situation.
The current state of our economy has created a wave of panic and uncertainty among business and commercial property owners across America. In recent years, commercial real estate investors have fallen victim to declining real estate values, limited access to financing and a slowing of the overall business economy, i.e. reduced rents, increased vacancies, etc. This perfect storm has effectively created the need for commercial loan professionals who know how to underwrite and negotiate a solution. Our mission is to provide real world business and cost savings solutions to commercial property owners nationwide today, and into the future of their portfolio life.
Elite Commercial Capital is partnered with a fully-staffed team of experts from every arena of the commercial real estate industry. Our seasoned professionals include former and current loan officers, financial analysts, private investment and portfolio managers, real estate attorneys, engineers, CPA’s and underwriters with strong core competencies in every aspect of commercial loss mitigation (loan workouts and short sales) and engineer performed cost segregation.
Elite Commercial Capital offers unique commercial property advisory services to its clients which create the following benefits:
- Prevent Property Foreclosure
- Increase Cash Flow
- Unlock Hidden Capital
- Cure Non-Performing Loans
- Prevent Bank Failures
- Retire Assets
- Accelerated Depreciation
Commercial Loan Workout Solutions
When you decide to engage in a commercial loan workout, you are looking for one or more of the following benefits:
- Reduce Principal and Interest payments
- Extend the term of the note
- Interest only payments for a period of time
- Suspend payments for a period of time
- Stop Foreclosures, Auctions, and Sheriff Sales
- Facilitate Short Sales
- Stipulated Foreclosures
- Extend Balloons
- Combinations of remedies / solutions mentioned above
Commercial Loan Workout
Many businesses and investors are struggling to meet their obligations on their commercial real estate loans. The staggering number of defaults have influenced many commercial lenders to start renegotiating the terms of commercial notes. Our experienced team of well-trained professionals specializes in commercial loan workout and deferment solutions. We are committed to our clients and their commercial loan workout needs. We have literally saved our property owners from bank foreclosures and have helped them become cash flow positive after they were declined for a refinance.
Loan Restructuring On Commercial Properties
We are able to perform commercial loan restructuring on:
- Hotels, Motels, and Resorts
- Condominium and Apartment Buildings
- Malls, Strip Centers, and Restaurants
- Office Buildings and Complexes
- Industrial, Storage, Warehouse and Manufacturing Facilities
- Health Care Facilities
- Mobile Home Parks
- Land Development
- And Much More!
How to Get a Commercial Loan Workout
The first step toward receiving help with your existing commercial mortgage is to contact Elite Commercial Capital for a Free, No Obligation Analysis. Please call Toll Free:
You can also choose to fill out the no obligation, free consultation form below. Within an hour of submission, one of our highly skilled commercial loan agents will contact you to discuss your current needs. They will listen to your particular situation, discuss your specific goals for you and your property, review your case for evaluation, and notify you whether or not your case has been approved for our commercial loan workout program.
Elizabeth Warren presents Commercial Real Estate Crisis Reports
2010 COP Report Commercial Debt a Threat To Community Banks
Inside Look - Commercial Real Estate's Impending Doom
Cost Segregation Solutions
As a commercial real estate investor, how would you like to receive cash flow from tax savings of 1% to 10% of your building cost within the first 5 years of ownership?
That's $70,000.00 to $100,000.00 for each $1M in building cost!
This is the only IRS APPROVED METHOD to instantly speed up the asset class depreciation process meaning immediate increases in cash flow and tax savings. What was once limited to the largest of accounting and consulting firms and their Fortune 500 clients, this solution has rapidly become viable for all commercial real estate investors!
Property Asset Classification:
Analysis of capital expenditures is used to determine appropriate asset classifications. Cost segregation identifies building costs that would typically be depreciated over a 27.5 or 39-year period and reclassifies them to permit a shorter, accelerated method of depreciation for certain building costs. Costs for non-structural elements, such as wall covering, carpet, accent lighting, portions of the electrical system, and exterior site improvements such as sidewalks and landscaping, can often be depreciated over five, seven or 15 years, rather than over 27.5 or 39 years.
Property Eligibility:
Real property eligible for cost segregation includes buildings that have been purchased, constructed, expanded or remodeled since 1987. A study is typically cost-effective for buildings purchased or remodeled at a cost greater than $200,000. A cost segregation study is most efficient for new buildings recently constructed, but it can also uncover retroactive tax deductions for older buildings which can generate significant short benefits due to "catch-up" depreciation. Building types studied include
- Apartment complexes
- Automobile dealerships
- Distribution centers
- Fast food restaurants
- Food processing facilities
- Gas Stations
- Hotels/motels
- Manufacturing plants
- Medical centers
- Nursing homes
- Office buildings
- Retail chains/franchises
- Shopping malls
- Self Storage
- Sports stadiums
- Amusement parks
- Supermarkets
- Casinos
Tax benefits of Cost Segregation:
In addition to providing lower taxes, cost segregation can benefit commercial investors in a number of ways:
- Maximizing tax savings by adjusting the timing of deductions. When an asset’s life is shortened, depreciation expense is accelerated and tax payments are decreased during the early stages of a property’s life. This, in turn, releases cash for investment opportunities or current operating needs.
- Creating an audit trail. Improper documentation of cost and asset classifications can lead to an unfavorable audit adjustment. A properly documented cost segregation helps resolve IRS inquiries at the earliest stages.
- Playing Catch-Up: Retroactivity. Since 1996, taxpayers can capture immediate retroactive savings on property added since 1987. Previous rules, which provided a four-year catch-up period for retroactive savings, have been amended to allow taxpayers to take the entire amount of the adjustment in the year the cost segregation is completed. This opportunity to recapture unrecognized depreciation in one year presents an opportunity to perform retroactive cost segregation analyses on older properties to increase cash flow in the current year.
- Additional tax benefits. Cost segregation can also reveal opportunities to reduce real estate tax liabilities and identify certain sales and use tax savings opportunities.
Under certain circumstances, segregated assets may qualify for a
special 30% bonus depreciation allowed by the Job Creation and Worker Assistance Act of 2002 or a 50% bonus depreciation allowed
under the Jobs and Growth Tax Relief Reconciliation Act of 2003.
7755 Center Avenue, 11th Floor
Huntington Beach, CA. 92647
Toll Free: 888-265-9972
eFax: 717-924-7280
