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
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
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