The Workout Window: Stressed Out About Office Space

In each issue of The RMA Journal, veteran workout leader Jason Alpert gives tips on thorny workout challenges.  

Question: My bank has a $2.6 million real estate loan secured by a Class B office building in a mid-size city. We originated the loan four years ago at a 75% loan-to-value (the valuation was $4 million) and our sponsorship is a well-known real estate developer who is exposed with other similar properties in the mar…