eCourse
Commercial Mortgage Lending: Economic Development Incentives; plus Real Estate Preferred Equity Agreements
Contains material from Oct 2014
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Session 2: Real Estate Preferred Equity Agreements: Issues Concerning the Sponsor Principal - An examination of the sponsor principal’s role in real estate preferred equity investment transactions, including matters related to the sponsor principal’s liability to the capital partner and to third-party lenders, whether the type of equity investment transaction affects (or should affect) the scope of the sponsor principal’s liability to the capital partner, whether requiring the sponsor principal to execute a debt-like guaranty instrument could create adverse consequences for the capital partner in an enforcement action, and issues created for the sponsor principal upon a management takeover by the capital partner.
Includes: Audio Paper Slides
Preview Sessions
Show session details
Robert G. "Jerry" Converse
Session 1
—41 mins
Substitute for Equity: Understanding Economic Development Incentives and Your Right to Them (Oct 2014)
An overview of economic development incentives and the latest changes and modifications to these programs that are available from state and local governments, plus practical tips for identifying and managing the risks to property owners and mortgage lenders when these incentives are granted to or based upon the tenant/user and not the project itself.
Originally presented: Sep 2014 Mortgage Lending Institute
Robert G. "Jerry" Converse,
Of Counsel, Norton Rose Fulbright - Austin, TX
Show session details
Bryan D. Garner
Download session materials for offline use
Session 2
—28 mins
Real Estate Preferred Equity Agreements: Issues Concerning the Sponsor Principal (Oct 2014)
An examination of the sponsor principal’s role in real estate preferred equity investment transactions, including matters related to the sponsor principal’s liability to the capital partner and to third-party lenders, whether the type of equity investment transaction affects (or should affect) the scope of the sponsor principal’s liability to the capital partner, whether requiring the sponsor principal to execute a debt-like guaranty instrument could create adverse consequences for the capital partner in an enforcement action, and issues created for the sponsor principal upon a management takeover by the capital partner.
Originally presented: Sep 2014 Mortgage Lending Institute
Bryan D. Garner,
Thompson & Knight LLP - Dallas, TX