Perspective
Apr. 27, 2010
Preserving the Value of Development Entitlements
William Brian Jr. and Nathaniel Parker of K&L Gates explain why time is of the essence for preserving the value of development entitlements in distressed real estate assets.
In one more twist of the current recession, many banks and other institutional lenders have found themselves playing an unfamiliar role. Rather than financing development projects, they own them. Unfortunately, taking over a distressed real estate asset raises a whole host of potential challenges and risks.
In particular, lenders acquiring projects still under development must understand the r...
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