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Letters of Credit are becoming more common as foreign investing increases in the U.S. commercial real estate market. Learn tips and guidelines to effectively use a Letter of Credit. READ MORE ›
The U.S. commercial real estate market has been a major beneficiary of foreign investments over the last several years. One notable difference when dealing with foreign investment opportunities is the use of a Letter of Credit (LOC).
A LOC gives assurance to the U.S. seller, lender or landlord that the foreign entity has the sums of capital it purports. While fairly simple in form, a LOC requires proper review and negotiation to ensure effectiveness.
Download this article to learn:
The mechanics of a LOC
Common contexts where a LOC is used
Benefits and drawbacks of using a LOC
Tips and guidelines to draft and use a LOC effectively