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release letter from current lender *eilt*

German translation: Freigabe von derzeitigem Darlehensgeber

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:release letter from current lender
German translation:Freigabe von derzeitigem Darlehensgeber
Entered by: Steffen Walter

08:03 Feb 20, 2015
English to German translations [PRO]
Law/Patents - Real Estate
English term or phrase: release letter from current lender *eilt*
Hi all,

in einem Letter of Intent über den Kauf von Immobilienbeständen durch einen Immobilieninvestor von einer Kommune geht es darum, dass nach Durchführung der Due Diligence noch ein gewisser Zeitraum vergeht, bevor der Deal abgeschlossen wird und nötige Unterlagen eingeholt werden, darunter "release letters from current lenders":

"Deal Closing and takeover - we estimate that after the notarization, additional 5-8 weeks will be required to complete the deal and provide all CPs (***release letters from current lenders***, pre-emptive right waivers from local authorities etc…)"

Hat jemand auf die Schnelle eine Ahnung, was hier gemeint sein kann?

Herzlichen Dank!
Robert Paulig
Local time: 08:15
Freigaben von derzeitigen Darlehensgebern
Explanation:
Die derzeitigen Darlehensgeber (vermutlich der Kommune) müssen vor Abschluss der Transaktion ihre Freigabe erteilen.
Selected response from:

Steffen Walter
Germany
Local time: 08:15
Grading comment
Allerbesten Dank!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1Freigaben von derzeitigen Darlehensgebern
Steffen Walter
2Freistellungsbrief (gemeint ist von der Haftung)
Hubert Buehler


  

Answers


41 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
release letters from current lenders
Freigaben von derzeitigen Darlehensgebern


Explanation:
Die derzeitigen Darlehensgeber (vermutlich der Kommune) müssen vor Abschluss der Transaktion ihre Freigabe erteilen.

Steffen Walter
Germany
Local time: 08:15
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 194
Grading comment
Allerbesten Dank!

Peer comments on this answer (and responses from the answerer)
agree  Sebastian Witte
1 hr
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
Freistellungsbrief (gemeint ist von der Haftung)


Explanation:
Haftungsfreistellung von Darlehensgebern

Hubert Buehler
United States
Local time: 01:15
Native speaker of: German
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