We often get requests to provide terms for a CMBS conduit loan secured by office and industrial properties in which a branch or agency of a state or the federal government is one of the tenants. Having a government agency as a tenant is highly desirable because there is no risk of the government … [Read more...] about 7.24.19: Check for Cancellation Clause in Government Leases
5.11.11: SBA and Flood Insurance – Check Private Sources in Addition to NFIP
ValueXpress recently obtained a commitment from its partner bank, Country Bank on a hotel located in Brooklyn, NY. A FEMA flood determination on form 81-93 required by the SBA found the property located in a Special Flood Hazard Area (SFHA). The SBA requires that borrowers obtain flood insurance … [Read more...] about 5.11.11: SBA and Flood Insurance – Check Private Sources in Addition to NFIP