Look Before You Leap At Capital Commitments As Collateral
November 7, 2012, 1:03 PM EST
Law360, New York (November 7, 2012, 1:03 PM EST) -- At the heart of any commercial real estate loan is the actual real estate that serves as the lender’s collateral. But, as almost all real estate professionals have learned throughout the past few years, the creditworthiness of the borrower and the owners and sponsors of the borrower are, in many cases, as or more important than the attractiveness of the real estate.
If the borrower or guarantor is a newly formed real estate investment trust or private equity fund (in each instance, a “fund”) and does...
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