Legal and Regulatory
Watch Out for Bad Boy Guarantees in Commercial Real Estate Financing: Construction Contractors Must Understand Common Liability Provisions in Lending Agreements
Borrowers should evaluate personal guarantees as soon as they start negotiating new debt. They must carefully review the term sheet and be sure they understand the language and full scope of a lender’s bad boy guarantees before signing with their agreement.
By Shea A. Smith
March 2, 2017
Topics
Legal and Regulatory
by Shea A. Smith
Shea A. Smith, CPA, is a director in the Audit and Attest Services practice of Berkowitz Pollack Brant, where he provides accounting, audit and consulting services to privately held businesses in the real estate, manufacturing and retail industries. He can be reached in the CPA firm’s Ft. Lauderdale, Fla., office at (954) 712-7000 or via email at ssmith@bpbcpa.com.
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