Real estate partners Mitchell Berg and Peter Fisch’s latest transactional real estate column, “LIBOR’s Replacement In the Real Estate Loan Market,” appeared in the February 13 issue of the New York Law Journal. The authors discuss the complex process of transitioning away from the benchmark London interbank offered rates by the end of 2021. The authors note that many real estate and other loans and derivatives contracts will require amendments, and outline major differences between LIBOR and its likely replacement, the Secured Overnight Financing Rate (SOFR). Corporate partner Manuel Frey and associates Luca Baron and Hilary Christian assisted in the preparation of this article.
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