NEW YORK CITY-Having a green, or LEED-certified, building can add market value to an asset through tax breaks and other programs. But if an owner loses that green rating, a commercial real estate asset's value can go in the other direction, points out Peter Britell, of counsel at Dewey & LeBoeuf LLP.
In this video he talks about:
- How property owners can lose green certification.
- How the loss of green status can impact mortgage value.
- The downside of foreclosure in this situation.
- How lenders can best deal with a potentially troubled green asset.
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