formerly @w3dd1e@lemm.ee

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Joined 2 months ago
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Cake day: June 5th, 2025

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  • I’ll try to look some up today but I think it varies by lease and by loan. You can’t apply the same rules to a warehouse as an office as a grocery store. Also, big spaces are different than small restaurants. Might not be consequences for a Chipotle but there could be for a grocery store in the same strip mall. The leases negotiated between the landlord and the tenant also have to be approved by the lender.

    The whole thing is called “going dark”, meaning they are still paying rent but not operating on the premises. It causes the borrower/landlord to go into something called “cash management”. They lose the ability to collect rents directly. It all gets sent to a special lockbox that the lender has access to. They use those funds to post the payment and other things like that. They send a portion back to the borrow for operating expenses then hold onto the rest. The borrower also has to pay cash management and bank account fees when this happens.

    I remember there was a big fight at a shopping center near me because a grocery store wanted to move the grocery location and open a giant liquor store in its place but the landlord didn’t like that. I believe they ended up terminating the lease and a different grocery store moved in. My company didn’t handle that loan so I don’t know the details but I knew that the loan was likely the real reason for the fight.














  • w3dd1e@lemmy.ziptoLemmy Shitpost@lemmy.worldHey..
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    29 days ago

    This is how I rolled my car off the interstate.

    (I’m fine!)

    I was less than a mile from my exit and I thought I could make it. I was trying to hard to stay awake I ended up driving past several exists. Suddenly, I realized my eyes were closed and I wasn’t sure how long they had been like that. I panicked, afraid I would hit the median, slammed on my brakes and swerved.

    Once that happened, I was alert and I knew I couldn’t stop the car from rolling so I let go and let it happen. Apparently, that’s partly why I wasn’t seriously injured. I didn’t tense up and try to brace myself. That and seatbelts/good safety design.

    I was scared to drive for awhile but it’s fine now. Though, I never speed. I always pull over if it doesn’t feel right. By that I mean, if I’m tired, if there is bad weather, if my car isn’t driving properly….anything. I don’t risk it.

    Other drivers seem annoyed that I’m going the speed limit but I don’t give a fuck.


  • No worries! Ask as many questions as you like!

    It affects the value of the surrounding spaces.

    Example: A strip mall has a grocery store. If the grocery is active on the property, the surrounding spaces are more valuable to rent. The landlord can rent the spaces to restaurants retail stores because the grocery store has a lot of foot traffic.

    If the grocery store “goes dark” or stops operating at the strip mall, the neighboring Chipotles and Game Stops lose money and close. The landlord can’t fill those spaces as easily as when the grocery store was there.

    If the spaces are empty, no rent comes in. No rent means no mortgage payments.

    Edit: I forgot to add. Commercial mortgages are different than residential for lots of reasons but a big one is the dollar amount. Some of these properties are $100M loans so the trusts and banks involved have a lot more say as to what goes on at the property.

    If you want to fix your sink, you do it. If they want to, they have to get permission to make changes.