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Work-out agreements and loan modifications: Put them in writing if the collateral is real property

Jeff Brown October 14, 2020
A person signing a real estate contract

In a recent decision, the California Court of Appeal held that the statute of frauds precluded an investment borrower from alleging there was a verbal commitment that the borrower could refinance or re-amortize a real estate-secured loan with a new repayment period. READ MORE

Rest in peace: ROFRs expire once a tenant becomes a holdover tenant

Jeff Brown January 24, 2019
A lease agreement about to be signed

Thanks to a decision from the California Court of Appeals, a right of first refusal contained in a written lease expires when the tenant becomes a “holdover” tenant. Now, tenants must seek specific language in their leases to preserve ROFR privileges. READ MORE

Welcome to The Ground Floor

Jeff Brown July 23, 2015
Ground Floor_default blog

Whether you’re traveling the 405, the 101, or the I-80, California is all about commercial real estate. In fact, other than water, many believe the most important legal issues concerning the Golden State are those with respect to the acquisition, management, and disposition of real property READ MORE