The Real Property Law Section held their annual Commercial Real Estate Symposium on Thursday, October 4, 2018. Gary M. Tenzer, Principal/Co-Founder of George Smith Partners, participated in a panel that discussed the trends and developments of real estate financing in 2018. The panelists included Caroline Dreyfus of Cox, Castle & Nicholson, Mitchell Regenstreif of DLA Piper, and David Hitchcock of Buchalter.
Gary described current trends in commercial lending, in which he covered rising interest rates, pull-back in construction financing, and how non-recourse loans are much more common now than a year ago. In addition, he dove into the lending activity of the agencies and life insurance companies. The panel concluded with a discussion of specific financing topics and loan provisions such as non-recourse carve-outs, permitted transfers, preferred equity rights, and financial covenants.