We recently had to work through an issue on a relatively simple CMBS conduit loan. The transaction was a 50% loan-to-value (LTV) cash-out refinance of a small neighborhood shopping center that was 100% leased. One of the tenants that will occupy 24% of the space has a signed lease and is paying rent … [Read more...] about 6.4.18: Keep Contractor Work to a Minimum When Closing a CMBS Conduit Loan
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