Collateral Review - Lenders 360

Revisiting Your Collateral Description: Is Your Description of Personal Property [Owned By A SPE Borrower] Correct?

By Keith Mullen on March 2nd, 2011 Posted in Single Purpose Entity, Tough Times for Lenders, Workout Issues

. . . continuing my discussion with Nelson Block** on the basic and important question of collateral descriptions: Keith: Pick one of the biggest changes or trends over the last 15 years on the topic of collateral descriptions. Nelson: In the last decade, with the rise of single asset developments, there should be no reason to limit… Continue Reading

Revisiting Your Collateral Description: Is Your Description of Personal Property Correct?

By Keith Mullen on February 28th, 2011 Posted in Tough Times for Lenders, Workout Issues

Another shareholder at Winstead is dealing with some "challenging" descriptions of collateral. Last week I discussed this topic with Nelson Block**: Keith: Nelson, we often focus on descriptions of the collateral when a deal goes bad. Can you give us some general guidance? Nelson: When a commercial real estate project goes into distress, assets sometimes move… Continue Reading

The Ox and the Ditch: FAQ – Reduce the Commitment? Monthly Statements? New Written Agreements?

By lstrawn on June 25th, 2009 Posted in 1 Guest Writers, Tough Times for Lenders, Training, Workout Issues

Guest Writer: Brenda Brown, Winstead PC More from ourTough Times FAQs series: FAQ #4 – Do I need to reduce the commitment amount after sending a Notice of Default? Typically, no – once the loan is declared to be in default, or once the maturity of the loan is accelerated, the lender has no on-going funding… Continue Reading