Ep. 5 - Ground Lease Financing (Max Nipon - Montgomery Street Partners)

Max Nipon is a principal with Montgomery Street Partners, as well as the president of their ground lease vehicle called Ground Lease REIT.  Our conversation covers the following topics:- Overview of Montgomery Street Partners and Ground Lease REIT- How ground leases are used as a financing tool- How their ground leases are sized, priced, and structured- Common scenarios where sponsors are using ground leases today- Scenarios that do not work well for their program- Which senior lenders are comfortable with ground leases- How the ground lease industry will evolve going forwardMax can be reached at [email protected].