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LC Use in Commercial Real Estate Lease Transactions

Most issuers of, and beneficiaries under, letters of credit are familiar with the impact a tenant bankruptcy has on the continued effectiveness of draws under the LC. Assuming a “direct draw” letter of credit that does not...more

Estoppel Certificates: Achieving Certainty

In most every acquisition of a commercial property, the prospective buyer (and the prospective buyer’s lender) will require that the property’s tenants execute an instrument confirming various terms of their respective...more

Prepare for Q4 in the Summer

Typically, there is a lull in commercial real estate transactions during Q3, with summer vacations and other factors creating distractions. Nevertheless, given the likelihood that commercial real estate will experience a...more

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