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?