Understanding Common ALTA Endorsements
ALTA endorsements can be a confusing piece of the closing process in commercial real estate. With that being said, they are incredibly important and often requested by lenders to ensure protection for not only the asset, but also the lender and the borrower. While there are around 150 different and very specific endorsements, the average […]
The Significance of Benchmark Interest Rates and Spreads in Financial Markets
Financial markets employ benchmark interest rates as critical reference points for pricing a wide array of financial products. These benchmarks and risk premiums ascribed to them are integral to the commercial lending processes. The most widely recognized benchmark is the Secured Overnight Financing Rate (SOFR), which gained prominence as an alternative to the London Interbank […]
Estoppels and SNDAs – What Are They and Why Do You Need Them?
Estoppels and SNDAs are a vital component of the relationship between property owner and tenant in the world of commercial real estate. Understanding exactly how they protect both parties is important, as is ensuring that these documents are executed in a timely manner, given that lenders commonly require these documents to complete their closing process. […]
