Commercial Real Estate

Understanding ROFR/ROFO and Options in California Commercial Real Estate Transactions

Understanding ROFR/ROFO and Options in California Commercial Real Estate Transactions

Introduction to ROFR and ROFO In California commercial real estate transactions, two prominent concepts that often arise are the Right of First Refusal (ROFR) and the Right of First Offer (ROFO). Both mechanisms serve to enhance negotiation dynamics between parties and can significantly affect property transactions. Understanding their definitions and implications is essential for all […]

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Understanding Commercial Loan Carve-Outs and Bad-Boy Guarantees in Maine

Understanding Commercial Loan Carve-Outs and Bad-Boy Guarantees in Maine

Introduction to Commercial Loan Carve-Outs Commercial loan carve-outs are specific provisions embedded within loan agreements, particularly in commercial real estate financing, that outline conditions under which the borrower may be held liable for certain actions or failures. These carve-outs typically serve as risk mitigation tools for lenders, ensuring they are protected in the event of

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