Many commercial real estate loans are “non-recourse,” which means in general terms that foreclosing on the real estate securing the loan is the lender’s sole remedy for a borrower’s failure to repay the loan. The lender is...more
11/12/2019
/ Best Practices ,
Borrowers ,
Commercial Loans ,
Commercial Real Estate Contracts ,
Contract Terms ,
Default ,
Foreclosure ,
Guarantors ,
Indemnity Agreements ,
Independent Counsel ,
Lenders ,
Non-Recourse Loans ,
Remedies ,
Representations and Warranties
Borrowers often envision future alterations to enhance the economic value of the commercial real estate asset, when closing the initial loan. Such alterations can be in the form of capital improvements, tenant improvements,...more
11/11/2019
/ Borrowers ,
Commercial Loans ,
Commercial Real Estate Contracts ,
Construction Permits ,
Construction Project ,
Express Contract Terms ,
Loan Documentation ,
Property Improvements ,
Real Estate Investments ,
Variances ,
Written Consent