Joshua Stein Contributor

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So far Joshua Stein Contributor has created 5 blog entries.

The Story Of A Property Owner Who Successfully Terminated A Ground Lease

When a property owner and a developer (or investor) enter into a long-term ground lease, the tenant and its lenders will insist that the property owner cannot easily terminate the ground lease for default. The tenant will have extensive rights to “cure” its defaults. If the tenant doesn’t cure, then the tenant’s lender has additional

By |2022-09-26T09:54:41-07:00September 26th, 2022|Industry News|

Citibank’s Billion-Dollar Mistake And How It Turned Out Two Years Later

Citibank acted as the agent for a large group of lenders that held a large loan to Revlon, a company under financial stress. Arrangements like this are common in corporate lending, including large loans to real estate investment trusts. As agent, Citibank was supposed to receive loan payments from Revlon and then properly distribute them

By |2022-09-12T09:55:04-07:00September 12th, 2022|Industry News|
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