In this blog post, I cover how the COVID-19 pandemic may negatively influence your existing nonrecourse loans because of possible exposure under existing “bad boy” carveouts. Real estate professionals have always preferred structuring the debt on their properties with nonrecourse loans. A nonrecourse loan allows the lender upon default to only go after the underlying... Continue Reading →
TBT Closing! This week I am highlighting the great job done by the real estate team at my firm, Meland Budwick, P.A., during the past 6 months. We have closed over 50 transactions totaling approximately over $250 million dollars! The COVID-19 pandemic affected almost all industries, including real estate. With the help of a great... Continue Reading →
In this blog post, I cover and comment on The Real Deal’s recent article that discusses the incentives being offered by Developers to South Florida Condo Buyers. The article discusses how for the past six months, due to the COVID-19 pandemic and over-supply of condo inventory, Condo Developers in South Florida have begun to offer... Continue Reading →
Last week’s blog post covered whether your existing loan possibly allows for additional financing (see blog post). Consistent with that theme, in this blog post I cover a related as just as popular question I have been getting recently – is CPACE financing an option? Property Assessed Clean Energy (“CPACE”) financing is a unique type... Continue Reading →
As I continue to cover the experiences I have encountered in the real estate world relating to COVID-19 and how I have counseled my clients to handle same, the next few blog posts will focus on the lending market and finance related issues. In this blog post, I cover a question that has been asked... Continue Reading →
Parties in Florida currently under contract using a FAR BAR form (from the Florida Association of Realtors) have been provided the opportunity to use a Coronavirus (COVID-19) specific Extension Addendum provided by the FAR. In this blog post, I summarize and explain the COVID-19 Extension Addendum to Contract (the “Addendum”) and provide guidance on best... Continue Reading →
Following up on the introductory COVID-19 blog post from last week on rent deferrals for commercial leases (see link to article), I will continue to cover experiences I have encountered in the real estate world relating to COVID-19 and how I have counseled my clients to handle same. In this blog post, I cover how... Continue Reading →
The coronavirus (COVID-19) pandemic has impacted all industries, including real estate. This is the first blog post in a series of blog posts describing some experiences I have encountered in the real estate world relating to COVID-19 and how I have counseled my clients to handle same. Because of businesses being closed, shutting down, or... Continue Reading →
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