- The construction loan has been in place for some time and it now needs to be modified.
- The transactions are smaller sized.
- Land equity is part of the capital stack. Typically, the owner has owned the land for a while and it has appreciated in value. But that no longer can count for equity under Basel 3.
- The construction loan has been in place for some time and it now needs to be modified.
- The transactions are smaller sized.
- Land equity is part of the capital stack. Typically, the owner has owned the land for a while and it has appreciated in value. But that no longer can count for equity under Basel 3.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
