Representing a lender during the workout of a troubled commercial real estate loan requires an attorney to protect the client from unanticipated consequences and material miscalculations.
Pre-Negotiation Agreements Can Protect Lender’s Interests In Commercial Real Estate Loan
A timely and properly drafted “pre-negotiation agreement” should ensure that all discussions or draft agreements exchanged between the parties are neither enforceable prior to final execution of a settlement agreement nor admissible in any court proceeding.
By
Jeffrey B. Steiner , Scott A. Weinberg and Joel C. Haims
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