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
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
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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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