Personal Recourse During Preferred Equity Changeover
If a sponsor has fully guaranteed a first lien loan, what happens to their guaranty after a changeover event? Certainly, the preferred equity partner does not step into the full recourse shoes.
If a sponsor has fully guaranteed a first lien loan, what happens to their guaranty after a changeover event? Certainly, the preferred equity partner does not step into the full recourse shoes.
+52 | Leave brokerage to be GP | 12 | 1d | |
+46 | New Comp Database - Google Form (Now with Data Validation) | 24 | 1d | |
+24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 2d | |
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+17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 5d | |
+15 | Can you exit from Fund to Asset management or Investment in Real Estate ? | 21 | 2s |
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