CMBS

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What is an Assumable Loan in Commercial Real Estate?

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What is an Assumable Loan in Commercial Real Estate?

An assumable loan is a loan that can be assumed, or taken on, by a new borrower before the end of the loan’s term. Many types of loans are assumable, including most Fannie Mae, Freddie Mac, HUD multifamily, and CMBS loans.

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What is Defeasance in Commercial Real Estate?

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What is Defeasance in Commercial Real Estate?

Defeasance is a type of prepayment penalty which involves a commercial real estate borrower purchasing income-producing bonds to replace the income the lender loses from the borrower prepaying the loan.

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What Are "Bad Boy" Carve-Outs?

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What Are "Bad Boy" Carve-Outs?

Non-recourse loans prevent a lender from going after a borrower’s personal property in the case of a default. Bad boy carve-outs allow the lender to go after the borrower’s personal property if they conduct themselves badly.

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