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> Would the landlord prefer a smaller amount to none at all? As was explained a week or so ago by somebody in that business on Reddit: for commercial real esta
by TomVDB 6y ago
> Would the landlord prefer a smaller amount to none at all?
As was explained a week or so ago by somebody in that business on Reddit: for commercial real estate, many landlords would prefer none at all over a smaller amount, because the loan is written with the assumption of a certain rent per unit, and if the average rent goes down, it breaches the loan conditions and the loan is revoked (or something like that.)