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loan forbearance agreement

Real Estate Marketing - Foreclosures, Loan Modifications and Government Bailout Plans - Part 3

realestatemarketingthisweek.co m - Real Estate Marketing - Foreclosure rates on Forbearance Agreements done with banks reaches 58% - With Michael J ...

Walton Big Lake Development LP Announces Amendments to Loan Facilities and Entering into Forbearance Agreements

)--Walton Big Lake Development L.P. (the “ Partnership ”), and its general partner, Walton Big Lake Development Corporation (the “ General Partner ”), are pleased to announce that the Partnership has entered into amending agreements with its senior lender (the “ Senior Lender ”) for its senior loan facility (the “ Senior Loan ”) and its mezzanine lender (the “ Mezzanine Lender ”) for its mezzanine loan (the “ Mezzanine Loan ”).

Giga-tronics Reports Results for the First Quarter FY 2018

DUBLIN, Calif., Aug. 04, 2017 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (Nasdaq: GIGA ) (the “Company”) reported today net sales for the first fiscal quarter ended June 24, 2017 of $2.0 million, a 41% decrease as compared to $3.4 million for the first quarter of fiscal 2017. The decrease in first quarter fiscal 2018 sales was primarily attributable to a $1.8 million decrease from the Company’s Giga-tronics division, from $2.1 million in fiscal 2017 to $297,000 in fiscal 2018, due to recent legacy product line divestitures as well as a decrease in ASG product shipments. In the first quarter of fiscal 2018, the Company recorded $200,000 of sales associated with the ASG product compared to $674,000 recorded in the first quarter of fiscal 2017. These decreases were partially offset by a $377,000 increase in net sales from the Company's Microsource business unit (Microsource) from $1.3 million in fiscal 2017 to $1.7 million in fiscal 2018, which was primarily due to an increase in YIG RADAR filter shipments and completion of certain related nonrecurring engineering (NRE) services.  

Loan Modifications vs. Forbearance Agreement?

Regarding Loan Modification and Michael G's answer. His answer was not a Permanent Loan Modification, he was describing a Forbearance Agreement.

Lender's will negotiation permanent loan modification, but you need to be careful.


Lender's will seldom if ever will negotiate a true loan modification. But they will offer a forbearance and new payment schedule, in a hardship for example. The caveat...all interest will be due at some later date or upon payoff.

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