NEW YORK CITY-Having a green, or LEED-certified, building canadd market value to an asset through tax breaks and other programs.But if an owner loses that green rating, a commercial real estateasset's value can go in the other direction, points outPeter Britell, of counsel at Dewey &LeBoeuf LLP.
In this video he talks about:
- How property owners can lose green certification.
- How the loss of green status can impact mortgage value.
- The downside of foreclosure in this situation.
- How lenders can best deal with a potentially troubled greenasset.
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