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Understanding Workout Agreements for Commercial Real Estate Loans in Default

When commercial real estate loans go into default, workouts are often pursued to resolve the default by agreement. What are the common forms of workout agreements? For commercial real estate borrowers in default, it’s...more

LIBOR’s Days Are Numbered - What Should A Commercial Borrower Do?

LIBOR, a key interest-rate benchmark for commercial loans, is published daily by the UK’s Financial Conduct Authority (FCA). After December 31, 2021, the FCA will no longer require banks to submit their daily rates, which...more

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