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Greg Nalbandian

FLORHAM PARK, NJ–Nowadays when Greg Nalbandian, a senior managing director in HFF’s local office, sees a term sheet in a deal with Libor-based financing it includes language stating that if the market were to transition away from the benchmark rate, a comparable benchmark will be used to price the loan. The language started to appear in term sheets within the last several months and has become a staple in the last few, Nalbandian tells GlobeSt.com.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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