Nancy Little a/o 7/18/2005 (00012451.DOC;1)

leasehold financing. A financeable ground lease provides the leasehold mortgagee with protections and rights designed to avoid termination of the ground lease during the term of the loan and to permit the lender to foreclose on the leasehold estate and dispose of the collateral. An overview of such protections follows. Basic Terms. ................
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