Cash Management 101: What you need to know about lockboxes
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…
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.