Desmond Primus's Blog – May 2010 Archive (1)

Updated IRS Reg Will Benefit Distressed Commercial Properties

Last September, the IRS updated Rev. Proc. 2009-45 which allows for a proactive approach to obtain a commercial loan modification.

The IRS realizes that owners of commercial real estate will have a harder time refinancing when their loan reaches maturity, due to present tax law regulating pools of commercial mortgages. Because of current market conditions and the tightening of credit, many commercial borrowers…

Added by Desmond Primus on May 19, 2010 at 9:39am — No Comments

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