In nearly every commercial loan transaction, borrowers are required to reimburse lenders for their costs and expenses in connection with the loan, including legal fees incurred by lender’s counsel. While this obligation is standard market practice, the magnitude of these …
Topic: Financing
Assumable Multifamily Loans: What Investors Need to Know
For those grappling with high borrowing rates, this strategy presents an intriguing alternative, observe Brandt Hollander and Lee Kaplan of Harvest LLP. With interest rates surging to historic highs and lenders pulling back on issuing new loans, it is no …
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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 …