Discounted Payoffs are also referred to as DPO in industry lingo are typically offered when a balloon note comes due on commerical loans where the value of the property has dropped because of economic conditions. DPO offers can be made by any CMBS lender, local bank or other lender but are typically offered when the lender is an FDIC insured lender that is under supervision.
Refinancing balloon notes for commercial loans doesn't have to be difficult and those that start the application process early usually have few problems. The reason to start the process early is because sometimes the appraisal will reveal that the property is not valued high enough to make the new loan.
To find out how to avoid pitfalls and successfully close on discounted payoffs using discounted payoff loans when the DPO is offered by FDIC and banks being forced to liquidate loan assets and notes, give the experts at Dividend America Commerical Lending a call. DACL has bridge funding specifically designed to assist with discounted payoff (DPO) offers.
Apply online using the easy app at Dividend America or call Michael Gross at 404-819-4511, email email@example.com. Dividend America Commercial Lending has consultants located in Atlanta, GA, Phoenix, AZ, Charolotte, NC and Chicago, IL but provides Discounted Payoff (DPO) loans and refinancing of balloon notes for commercial loans in all 50 states. Visit our web site at http://dividendamerica.com.