>Those loans often do not allow the borrower to charge lower rent.
I have never seen it substantiated that a promissory note in commercial real estate has a clause that dictates how the borrower can price their products or services.
There will be terms for the borrower to be in default if they lose too much revenue or their expenses go up too much, such as leaving spaces empty:
Whether a lender wants to foreclose on a borrower in default is far from guaranteed. Often times, they are loathe to take over management of a building so they simply work out a new agreement with the borrower.
I have never seen it substantiated that a promissory note in commercial real estate has a clause that dictates how the borrower can price their products or services.
There will be terms for the borrower to be in default if they lose too much revenue or their expenses go up too much, such as leaving spaces empty:
https://www.investopedia.com/terms/d/dscr.asp
Whether a lender wants to foreclose on a borrower in default is far from guaranteed. Often times, they are loathe to take over management of a building so they simply work out a new agreement with the borrower.