An important question that might be asked by companies that own income-producing properties that have experienced a severe drop in revenue and are facing the possibility of a foreclosure is why they would require the services of a commercial real estate loan modification expert. The answer to this is that banks and other lenders are oftentimes reluctant to entertain the possibility of a commercial loan workout because of a number of reasons.One key reason for the reluctance of banks to consider the possibility of a commercial real estate loan modification is that they do not want to lose the current cash flow arrangement, particularly if the borrower had been faithfully coming up with the monthly payments. There is the possibility that the owner is only attempting to lower the required payments. The other important reason why lenders discourage the property owner from applying for a restructuring of the original deal is the large number of companies already approaching lenders for possible changes to the arrangements because of the economic downtrend.Thus, it is often advisable to find a commercial real estate loan modification expert or company that is most appropriate for your needs. However, with so many companies purporting to have teams or professionals who are very much capable of convincing the banks, it is quite difficult to decide on the company to choose.Therefore, here are some tips on how to make that choice. First of all, you will need to make sure that the company focuses on commercialized properties because the approach is different compared to residential properties. You may also have do some research on the company to check whether past clients have been satisfied with the results. It is also advisable to find out if they would promptly refund your money in the event that the negotiations prove to be unsuccessful.