Boston-based BXP’s planned 930,000-square-foot tower at 343 Madison Avenue in Manhattan has secured a $1.2 billion construction loan toward the development of 46-story prime office space.
CommercialCafe
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Security interests: they’re only half the story
In today’s competitive lending market, weakened loan structures and relaxed covenants have become the norm – leaving lenders with fewer safeguards when trouble arises. This article by Lon Singer and Jaime Koff explores practical, asset-specific strategies to preserve collateral value and strengthen exit options, from inventory and receivables to real property and equity interests.
The Secured Lender