Borrowers have two options to receive a loan proposal for a CMBS conduit loan. The first option is to request a Summary of Certain Indicative Terms, which is a one-page summary of the proposed loan terms that has not been through a complete credit review process, but has a high likelihood that the … [Read more...] about 7.2.18: ValueXpress Revises Loan Document Checklist Required for a Loan Quote
7.12.17: Document All Tank Removals Please
We recently had to work through an environmental issue on a transaction because of shoddy work by a firm that completed the prior Phase I Environmental Site Assessment (ESA) and lack of documentation on the removal of an underground storage tank that occurred prior to 1992. The story starts with the … [Read more...] about 7.12.17: Document All Tank Removals Please