Insurance Requirements in Commercial Real Estate Lending: Complying With Lender Standards Under New Market Realities
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE course will provide real estate counsel with an understanding of the various components of property insurance and the current requirements of lenders concerning each type of coverage. The panel will explore the new market realities of obtaining various types of coverage and provide guidance for borrowers and lenders negotiating, drafting, and modifying insurance terms for existing and new loans.
Outline
- Overview: standard insurance coverage terms in conventional and CMBS loans
- Current issues for borrowers and lenders based on market forced changes with various types of coverage
- Evidence that proper insurance is in place: Certificates of Insurance
- Drafting tips and advice for lenders for deal-specific insurance provisions based on current market conditions
- Guidance for new and existing borrowers trying to fulfill the insurance requirements found in a loan agreement
- Practitioner pointers and key takeaways
Benefits
The panel will discuss these and other critical issues:
- What are the current required insurance coverages in commercial real estate loans?
- How have changes in the property insurance industry impacted commercial real estate lending?
- How can borrowers and lenders navigate the new market realities of property insurance coverage to ensure their respective interests are protected?
- How should insurance requirements in loan documents be modified or adjusted to reflect current market conditions or the specific terms of a transaction?
Faculty
Martha Bane
Executive Vice President, Managing Director
Gallagher
Ms. Bane structures, negotiates, and implements large national property and builders risk programs, with an emphasis on... | Read More
Ms. Bane structures, negotiates, and implements large national property and builders risk programs, with an emphasis on catastrophic exposures. Her expertise with complex layered and quota-share programs and senior insurer relationships helps deliver innovative insurance and risk management property solutions to Gallagher’s clients. Ms. Bane also manages Gallagher’s Los Angeles Real Estate & Hospitality team which specializes in property, casualty, environmental and financial products for Gallagher’s real estate and hospitality clients. They currently place coverage in the worldwide insurance marketplace for clients with more than $189 billion in insurable values. Ms. Bane has spoken at numerous industry events on a variety of property insurance-related topics.
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Matthew Edward Schernecke
Partner
Hogan Lovells
Mr. Schernecke advises direct lenders, mezzanine investment funds, and venture capital investors in a variety of debt... | Read More
Mr. Schernecke advises direct lenders, mezzanine investment funds, and venture capital investors in a variety of debt and investment transactions with borrowers of all sizes, types, and structures. He also counsels private equity clients and corporate borrowers on domestic and cross-border acquisition financings, out-of-court restructurings and workouts, bankruptcy matters, ESG and impact investment financings, and real estate financings. Mr. Schernecke leads transactions spanning diverse industries, including financial services, real estate, retail, life sciences, health care, technology, food and beverage, hospitality, film and music entertainment, media, and telecommunications.
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