One trend in the market at this moment: borrowers that want to utilize a mezzanine loan (as part of the debt structure) are having difficulty in obtaining the approval of their first lien (mortgage) lender to the mezzanine loan. Why? Calling a default and exercising remedies becomes much more complicated when a mezzanine loan… Continue Reading
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The Ox and the Ditch: FAQ – First Steps in a Loan Default? Types of Default? Alternatives to Calling a Default?
Posted in 1 Guest Writers, FAQs, Remedies, Tough Times for Lenders, Workout IssuesGuest Writer: Brenda Brown, Winstead PC This is a special series of blog entries in which we provide some quick answers tolenders’ frequently asked questions (FAQ). Two things should be kept in mind. First, none of these questions can be answered in a vacuum. Questions should be considered with a thorough review of the file and an… Continue Reading