Mortgage Principal at origination 1/1/2019:$10,000,000

Annual Interest Rate at origination:6%

Term of Mortgage from origination 1/1/2019:20 years

Purchase Price: $10,000,000 on 1/1/2019

The mall owner has stopped paying principal beginning April, 2020, and anticipates being unable to pay even the interest portion beginning September, 2020 unless the CDC allows less strict mask and social distancing requirements.

The mall had a fair market value of $20 million on 1/1/2019, and expects a current appraisal to be at about $16 million.

Ignore refinancing costs.

The securitizations do not qualify for sale accounting, and the creditor retains legal title to the mortgage as well as a 10% participation in the mortgage.

Today is August 31, 2020.

A. How to restructured loan that is reasonable to the current unaffordable mortgage? How to give it a difference interest rate, the amount of principal, the monthly payment, and/or the term of the loan? And what the amortization table should be looks like? (please give me an example)

B. How to evaluate the restructured loan to see if the modifications will result in any gains/losses or changes in GAAP interest rate

C. If the creditor and borrower would have different accounting treatments for the loan (see B above), how create an amortization table for the creditor and the borrower?