Certain new provisions of the new New York State rent regulation and tenant protection laws will have a significant impact on condominium and cooperative conversions in New York State.
Value preservation of the underlying real estate asset is fundamental in any conventional real estate financing transaction. With ongoing covenants and undertakings that seek to regulate the maintenance of the property and the conduct of business activities within it during the life of the loan, it is a common market practice that the borrower would be obliged under the loan agreement to ensure that the value of the property, and ultimately the lender’s collateral, is, at the very least, maintained.
Here are some practical points to consider when the guarantor of a loan is a fund.
It’s time to mark your calendars for our fourth annual Finance Forum at The Ritz-Carlton in Charlotte, North Carolina, on October 17.
