Financing Your Shopping Center in Today’s Real Estate Capital Markets; from Term Sheet to Closing: Negotiating a Loan You Will Not Regret (Mark Levenson)
This session will highlight issues that a shopping center owner should address when negotiating its term sheet and loan documentation in today’s market, including, among other things, permitted equity transfers and pledges, sponsorship requirements, loan assumptions, contemplated construction or alterations at the center and financial reporting. The discussion will also focus on current requirements on cash management and how to maximize a borrower’s access to funds in reserves/ escrows as well as the examination of the financial tests that trigger a cash sweep. Finally, the panelists will discuss recourse carve-out guarantees and current loan document issues.
You are Buying WHAT?—Avoiding Pitfalls in Purchases and Sales (Clint Kakstys)
The traps we may encounter in purchase and sale agreements don’t always jump out at us. Come learn how the provisions interact with each other and what circumstances to avoid. We will discuss how provisions can be modified to avoid liability and unnecessary cost.