Join us for this exclusive FREE event for Nashville Brokers hosted at the Fifth Third Center! As a leading education provider, we get to know students and what they’re looking for in a brokerage and we want to bring that information to you.
We have relationships with brokers all across the country and we’re excited to expand our efforts into Tennessee. Fill out our form to let us know to expect you!
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Mollie Carmichael has the latest trends in new home marketing strategies to help you tell a compelling story that speaks to the needs and dreams of your home buyers. Watch the “Survive and Thrive: Sales and Digital Marketing Strategies” webinar replay below to learn more.
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While federal law largely shields lenders from environmental liabilities and cleanup costs on indebted properties, lender missteps and poor loan documentation can result in a loss of that protection and put lenders on the hook for environmental remediation.
Environmental hazards can also negatively impact a borrower's ability to repay the loan and decrease the collateral value, which is why it is essential to uncover the hazards before the closing of the loan and formulate a plan, whether a Phase I environmental site assessment or some lesser action.
A critical protection for the lender is an indemnification agreement with the borrower as part of the loan documentation. Other key loan agreement provisions include reps and warranties, covenants, notice provisions, and inspection rights. Another option for the lender is to require the borrower to obtain insurance, usually in a pollution policy.
Lender environmental due diligence at the time of a loan default or workout is also critical as environmental hazards must be considered when assessing the collateral value and a workout plan. Of course, if foreclosure appears imminent, the lender liability must be carefully evaluated as the lender prepares to take possession of the property.
Listen as our authoritative panel of experienced attorneys analyzes lender liability for environmental cleanup and remediation liabilities. The panel will discuss theories of liability and best practices for lenders to minimize direct liability and diminution of the collateral value. The panel will address risk mitigation in loan origination and during the life of the loan, including workouts and foreclosures.
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CohnReznick
In order for not-for-profits to best leverage their real estate assets, they must first have a good understanding of their assets, their options, and market conditions. Join CohnReznick, along with Goldstein Hall, Denham Wolf, and Think Forward Financial, for an informative webinar that will provide not-for-profits with practical advice and best practices for leveraging real estate to support their missions, operations, and financial needs.
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