Commercial Real Estate and Investment Property Under the New Tax Bill

As they search online for multifamily housing options, prospective residents will first be exposed to your brand through your business listings and reviews of your properties. With an understanding that first impressions can make or break a business, property managers are increasingly utilizing online reputation management strategies to ensure their listings are easy to find and their reviews truly reflect their brand.

The information will review the current cyberrisks which all participants in construction, including owners, contractors, subcontractors, architects and vendors are exposed to, including such problems as ransom ware and theft of data. You will learn about which contract clauses can be used or modified to avoid or limit contractual risks due to cybercrime or cyberterrorism. You will also learn about the use of insurance to control risk. There will be a scenario discussed for which you can test how you can apply the lessons learned in this content.

Watch this webinar — part of the Global PropTech #15 online event on the impact of ESG — if you want to gain a better understanding of how smart technology can reduce the carbon footprint of buildings.

Mezzanine financing allows borrowers to obtain financing in addition to a mortgage loan, but mezzanine loans add complexity, with additional documents, legal opinions, and third-party reports. Mezzanine lenders require separate consent rights for various actions by the borrower, and restructuring a nonperforming loan is especially problematic given the diverging interests of the mezzanine and mortgage lenders. Since the mezzanine lender's security interest is in the borrowing entity rather than the property, it must conduct entity-level diligence, including analyzing potential claims and agreements entered into by the property owner. Existing contracts and licenses might contain restrictions on transfer--the pledge securing the mezzanine loan or any foreclosure of the pledge could violate such limits. The mezzanine loan agreement should track the mortgage loan agreement, with mortgage loan representations recast to refer to the mezzanine borrower and the mortgage borrower. The mezzanine borrower and the mortgage borrower should be required to comply with entity-level covenants and property-related covenants. The mezzanine borrower's obligations are secured by a UCC pledge of equity interests in the property owner. The pledge can be perfected under Article 8 of the UCC. The mezzanine borrower's ownership interest in the mortgage borrower must be certificated so the mezzanine lender can take physical possession of the membership certificates. The operating agreement should also include Article 8 opting-in language. Listen as our authoritative panel discusses the nuances of mezzanine financing.