Ginsberg Jacobs Breaks Down Bad Boy Carve-Outs In CRE Loans

Commercial Property Executive



Bad boy carve-outs are among the most misunderstood provisions in commercial real estate finance. While non-recourse loans generally shield borrowers from personal liability, bad boy carve-outs can significantly alter that protection, exposing sponsors and guarantors to personal financial risk. In a two-part series for Commercial Property Executive secured by Taylor Johnson, David Lapins, partner at client Ginsberg Jacobs, provides a practical guide for CRE investors and developers navigating today's lending environment. In Part I, Lapins explains the purpose of bad boy carve-outs, common recourse triggers and how borrowers can avoid any action that may result in personal liability. Part II examines recent court decisions, evolving lender practices and why borrowers should carefully negotiate carve-out provisions before signing loan documents.



Read Part I

Read Part II

Taylor Johnson President Emily Johnson will return as a featured panelist at Bisnow’s “Property and Brand Marketing for Commercial Real Estate” event on Thursday, July 16, in Chicago. Johnson will participate in the panel “Telling the Story, Filling the Building: The Modern CRE Marketing Playbook,” which will explore how leading marketers, PR strategists and creative partners are building long-term brand equity while driving property-level results in today’s commercial real estate landscape. In addition to hearing her speak, attendees can also connect with Team TJ at the Taylor Johnson booth — we hope to see you there.

Click HERE to learn more and use code CHISPEAKER20 to register for the event at a discount.

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