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Category Archives: Superior Interests
A watch-list, a special servicing event, and maximizing NPV recovery all have this in common.
Question: “What is a landlord with a troubled CMBS loan?” Back in the day, a landlord may have had a loan with a life insurance company in Iowa or a pension fund in California that retained the loan through maturity. … Continue reading
Filed under: Pre-lease Issues, Superior Interests
Tagged CMBS, landlord default, special servicer
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Plugging the Lender Loophole: Tenants need Nondisturbance Agreements
Taking advantage of the depressed office market, as a savvy tenant you just renegotiated your office lease reducing your rent and locking in a low rent structure for the next several years. But did you close a big loop hole … Continue reading
Filed under: Pre-lease Issues, Superior Interests
Tagged Attornment, foreclosure, landlord default, lender consent, Nondisturbance, SNDA, Subordination
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