Harvest Real Estate Law

New Regulatory Policy Statement Provides Guidance to Lenders and Borrowers for Navigating CRE Loan Workouts

On June 29, 2023, several banking regulators – including the Federal Reserve and the Federal Deposit Insurance Corporation –adopted a new Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts. This policy statement provides lenders guidance regarding commercial real estate loans …

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Ensuring the Enforceability of Letters of Credit in Cases of Tenant Bankruptcy and Lender Distress

Landlords have a few tools to secure a tenant’s payment under a commercial lease – most notably, personal guarantees, security deposits and letters of credit.  Landlords should be aware that irrevocable letters of credit are the preferred method of security …

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New Regulations Promoting Conversion of Obsolete Office Buildings Create Opportunities for Developers

Across the country, office occupancy has remained stubbornly low following the Covid-19 pandemic, while at the same time, apartment rents have exploded to record highs.  This dual crisis has led to calls for the redevelopment of vacant office buildings for …

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Time Kills All Deals

Most clients are familiar with the old adage “time kills all deals”.  Given current market conditions and the fact that a number of pundits believe that we are potentially entering into an economic slowdown, it is increasingly critical to complete real …

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