The Carveout
Welcome to The Carveout, a FBT Gibbons legal blog geared toward sophisticated capital market participants and focused on the commercial real estate finance (CREF) industry, with a particular spotlight on what are often the most heavily negotiated and critical terms of CREF lending—non-recourse carveouts.
With that lens in mind, here you will gain perspective on current trends and developments with these provisions and how to effectively bring lenders and borrowers together to solve challenging negotiations. Our prevailing emphasis is on the kind of real-world application that helps you avoid undue risks and see critical deals to completion.
Latest Blog Posts
May 19, 2026 | Publications
This is an installment in our series on debt-for-equity exchanges. The first article, “Commercial ...
May 15, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
May 12, 2026 | Publications
Commercial real estate is in a sorting period. The Mortgage Bankers Association estimates roughly $5...
May 1, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
April 17, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
April 3, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
March 20, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
March 9, 2026 | Blogs
In our continuing examination of common non-recourse carveout provisions in commercial real estate l...
March 6, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
February 20, 2026 | Publications
The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the wo...
Your Carveout Contacts
Partner
Louisville, KY
Partner
Louisville, KY
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