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Gary M. Tenzer Participates in Commercial Real Estate Symposium Panel

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.