It’s become fairly common that loans originated for the CMBS market contain some form of in-place or springing lockbox mechanism. As lockboxes become more common, it’s important to understand the different forms of lockboxes, the associated costs and the issues they can create for real estate owners. Loan Portfolio Advisor Ryan Gregory recently wrote an article for the August edition of Servicing News, our biannual newsletter for Servicing clients. Read the full article here…
