How Remote Work is Impacting San Diego’s Commercial Real Estate Landscape
The workplace has undergone a transformation with the widespread adoption of remote work, particularly in San Diego. Recent data from Pew Research Center says that 41% of the national workforce whose jobs allow for remote work now work remotely at least part of the time. Furthermore, a study by SANDAG found that the percentage of […]
Exploring Guarantor Types in Commercial Real Estate Financing
In the dynamic world of commercial real estate financing, understanding the different types of guarantors involved in securing financing is crucial for developers and investors. Each guarantor type carries distinct responsibilities, risks, and benefits, significantly impacting project success. This blog delves into the key types of guarantors and their importance in securing real estate financing. […]
Understanding Common ALTA Endorsements
ALTA endorsements can be a confusing piece of the closing process in commercial real estate. With that being said, they are incredibly important and often requested by lenders to ensure protection for not only the asset, but also the lender and the borrower. While there are around 150 different and very specific endorsements, the average […]
The Significance of Benchmark Interest Rates and Spreads in Financial Markets
Financial markets employ benchmark interest rates as critical reference points for pricing a wide array of financial products. These benchmarks and risk premiums ascribed to them are integral to the commercial lending processes. The most widely recognized benchmark is the Secured Overnight Financing Rate (SOFR), which gained prominence as an alternative to the London Interbank […]
Estoppels and SNDAs – What Are They and Why Do You Need Them?
Estoppels and SNDAs are a vital component of the relationship between property owner and tenant in the world of commercial real estate. Understanding exactly how they protect both parties is important, as is ensuring that these documents are executed in a timely manner, given that lenders commonly require these documents to complete their closing process. […]
