Christopher
F. Robie, Senior Vice President of Citizens Bank, National Association, and Tom
Guidi of Hemenway & Barnes LLP will lead a discussion on Financial
Covenants in Commercial Real Estate Loan Agreements. Such covenants
appear in most commercial real estate loan agreements. This program will
provide some insights into a banker's underwriting considerations and thought
process in establishing financial covenants such as Loan to Value Ratio (LTV)
and Debt Service Coverage Ratio (DSCR). How negotiable are these
covenants? How are the definitions of various key terms determined?
What particular types of deals are likely to cause a bank to require one or
more such covenants? Come learn the answers to these and other questions, as
well as what happens if a borrower fails to meet its financial covenants.
The content provided in the REBA News is for informational purposes only and it is not legal advice nor does it necessarily represent the opinion of REBA or any of its members or affiliates.
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