Non-performing Loans (NPL)
One of the outcomes achieved from the global crisis started at 2009, is the necessity to have better tools and solution when dealing with a "non-performing loan" situation.
Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms between the borrower and the lender.
Being in a non performing loan situation might be hard and stressful – but – you should know there are solutions and ways to handle this situation!
In most of the cases, when the lender see you have chosen a clear way, strategy and provide him a new way to repay your loan, there is a high chance they will be open to negotiate the reimbursement schedule of your loan.
Mentor Finance solution is built on several aspects when dealing with a non-performing loan case:
- An analysis of the loan contract with our legal department
- Opening a new channel of communication with the lender (banks, funds etc.)
- Creating a new strategy for the reimbursement schedule
- Negotiating for the new contract with the lender, or recruiting a new lender for your loan (re-financing)
Our team has been handling many cases of NPL, mostly from the real estate industry, hotels and corporate working capital area.
Contact us with your needs and we will provide you with the right solution. The analysis phase is free of costs and is a part of our services.
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