Rebecca Reynolds
January 28, 2025 | Daily Business Review
Late Fees on a Balloon Payment Due at MaturityVirtually all commercial real estate loan documents contain a provision providing that if a payment is not timely, a late fee is imposed in connection with that late payment—typically 5% of the amount of the payment that was due. A 5% late fee imposed on a delinquent monthly installment payment does not usually cause much controversy.
By Zachary J. Bancroft and Rebecca Reynolds
5 minute read
Trending Stories
- 1Morgan Lewis Says Global Clients Are Noticing ‘Expanded Capacity’ After Kramer Merger in Paris
- 2'Reverse Robin Hood': Capital One Swarmed With Class Actions Alleging Theft of Influencer Commissions in January
- 3Hawaii wildfire victims spared from testifying after last-minute deal over $4B settlement
- 4How We Won It: Latham Secures Back-to-Back ITC Patent Wins for California Companies
- 5Meta agrees to pay $25 million to settle lawsuit from Trump after Jan. 6 suspension
