Originally Posted by
asdf1234
Think through it logically. Would a bank take security over buildings only, knowing that if the company they were lending to went bust, the land on which the buildings were built, reverted to a third party? I've seen similar deals on UK airport land/property subject to long term underlying leases.
Perhaps you should check then to see if such a "long term underlying lease" exists. I'm not doubting your expertise, just your assumptions.