Single Tenant deal w/ lease cancellation clause

How would a lender look at financing a single tenant deal if the lease had a cancellation clause during the term of the loan?  

U/W to market rents? 

FWIW, there will be personal recourse involved.  Thanks

2 Comments
 

It would be a cash flow sweet for a certain amount of months necessary to cover market re-leasing costs, and then they would underwrite a full market lease up. 

 
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