For debtor's counsel, trustees, CROs, and creditors' advisors: the ground lease is often the most durable contract in the estate — and the land under a debtor's buildings is often the cleanest value to monetize. How the mechanics actually run.
Unsubordinated means no fee mortgage exists to foreclose through the property. Leasehold-lender protections — independent notice and cure, new-lease rights on termination — mean the capital stack above the land can survive its borrower. And rejection of a ground lease by a debtor-landlord runs into a tenant's statutory right to remain in possession. The structure was built for stress; bankruptcy is the stress test it passes.
Yes — a 363 sale of the fee, subject to the lease, with the lease assumed or ratified in the order, is the clean path. The buyer steps into the rent stream; the tenant's rights ride through.
Recorded rent, real coverage from property income, an arm's-length process, and a performing operator on the leasehold. Insider history is cured by the court process itself.
Yes, as a principal — including positions too small for institutional buyers, and including situations where the honest entry is the fee mortgage note rather than the equity.
Send the lease and the rent. We respond with a real indication quickly, and we underwrite from public records so your process stays clean.
Email us the property