From the frontline - Some points often overlooked in CREF termsheets Van Doorne's Commercial Real Estate Finance Team – Dutch CREF Blog
03 May 2021
With the usual focus on getting to documentation phase and getting the deal done, financiers may overlook or occasionally perhaps avoid discussing certain loan terms with borrowers in more detail at termsheet phase. Experience shows though that paying more attention to these particular loan conditions, so that parties are already on the same page as to what exactly is required at termsheet phase, tends to ultimately save time on extensive negotiations during documentation phase and manage borrowers’ expectations. In this blog we will highlight a number of items which we often see overlooked at tersmheet phase, highlighting the importance of paying particular attention to the items sooner rather than later. At least a number of these may seem obvious, but are nevertheless often not dealt with. On that basis, we have listed our top seven (in random order) below.
We would be interested in learning from your experience as well, so your feedback and additions are most welcome.
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