Many owners of commercial properties across the country encumbered by mortgage debt are still struggling to navigate the distressed real estate market, primarily due to their inability to pay current debt service resulting...more
9/30/2024
/ Borrowers ,
Commercial Property Owners ,
Deed-in-Lieu of Foreclosure ,
Financial Distress ,
Foreclosure ,
Interest Rates ,
Lenders ,
Loan Servicer ,
Mortgages ,
Net Operating Losses ,
Pre-Negotiation Agreements ,
Real Estate Market
When a borrower is seeking real estate financing, there is invariably timing pressure to solidify a mortgage loan term sheet (on occasion, in the form of a loan commitment or loan application), so that the next steps in the...more
Earlier this month, the New York State Senate (S318) and Assembly (A407) reintroduced proposed legislation seeking to extend the New York State mortgage recording tax to mezzanine debt and preferred equity financings. This...more