Apr

    It's All About the Money - Leases as Collateral

    12 PM GMT

     

    This session will focus on leases from the lender's perspective. Because leases are the primary source of repayment for most commercial mortgage loans, the panel will discuss what's important to the lender and why.

     

    Topics to be discussed include:

     

    ·        Lender's Lease Diligence - ROFRs, Options to Purchase, Insurance Requirements, Casualty/Codemnation, Exclusives, Co-Tendancy and Landlord Financial Obligations

    ·        Tenant Estoppels and Certified Rent Rolls - What should these accomplish?

    ·        Key Lease Provisions in Loan Documents - Lease Approval, Amendment and Termination Rights, Rollover Reserve Requirements, Cash Management Sweeps, Security Deposits and Lease Termination Fees

    ·        Subordination, Non-Disturbance and Attornment Agreements (SNDAs) - What, exactly is subordinate and what is the lender trying to accomplish by requiring an SNDA?

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    This series features three 90 minute webinars specifically designed for attorneys with basic experience in real estate financing that want to expand their knowledge.  Program Speakers are leading industry practitioners with in-depth knowledge and hands-on experience in real estate law.

     

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    ALL PARTICIPANTS MUST REGISTER
    Cancellations and requests for refunds will be honored on the following basis: Two business days or more, 100% refund; one business day or less, 100% refund minus the $25 administrative   fee.  Substitute   registrants   are welcome.  The ABA will seek 1.5 hours of CLE credit in 60-minute states  and  1.8  hours  of  CLE  credit  in  50- minute states in states accrediting ABA live webinars and teleconferences.* Credit  hours  granted  are  subject  to each state’s approval and credit  rounding rules.     NY- licensed attorneys:  This non-transitional CLE program has   been   approved   for    experienced   NY-licensed attorneys in accordance with the requirements of the New York State CLE Board for 1.5 New York CLE credits.

    * Scholarship applications are available upon request. 

    ** Free Law Student registration is for webcast only.  *The ABA does not seek direct accreditation of live webinars and teleconferences in FL, ID, KS, ME, NE, NH, NJ, OH, PA, RI, and WY. Some states allow attorneys to earn credit   through   reciprocity   or   self-submission.   View   accreditation information for your state at www.americanbar.org/mcle.

    Event Details

    Format

    Web

    Date

    Apr 13, 2016

    2016-04-13T12:00:00.000Z 2016-04-13T13:30:00.000Z It's All About the Money - Leases as Collateral

     

    This session will focus on leases from the lender's perspective. Because leases are the primary source of repayment for most commercial mortgage loans, the panel will discuss what's important to the lender and why.

     

    Topics to be discussed include:

     

    ·        Lender's Lease Diligence - ROFRs, Options to Purchase, Insurance Requirements, Casualty/Codemnation, Exclusives, Co-Tendancy and Landlord Financial Obligations

    ·        Tenant Estoppels and Certified Rent Rolls - What should these accomplish?

    ·        Key Lease Provisions in Loan Documents - Lease Approval, Amendment and Termination Rights, Rollover Reserve Requirements, Cash Management Sweeps, Security Deposits and Lease Termination Fees

    ·        Subordination, Non-Disturbance and Attornment Agreements (SNDAs) - What, exactly is subordinate and what is the lender trying to accomplish by requiring an SNDA?

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