Let’s Recap

Let’s Recap  An uptick in the Commercial Real Estate market provides underwater commercial real estate owners with new hope, and new challenges. Many owners are blessed with performing properties and positive cash flow – but are still unable to pay-off or refinance their maturing loans. Absent special circumstances, lenders seem still unable or unwilling to … More Let’s Recap

KEEPING YOUR NON-RECOURSE LOANS NON-RECOURSE

Keeping Your Non-Recourse Loans Non-Recourse   The good news is that even in today’s tough credit markets, non-recourse loans are generally available. The bad news is that lenders have been expanding the “carve-outs” to non-recourse protection – eroding the benefit of the bargain that Borrowers and Guarantors thought they made. Unfortunately, it is very easy … More KEEPING YOUR NON-RECOURSE LOANS NON-RECOURSE

Playing With Fire

Playing With Fire Our dear friends at regional banks, commercial lenders and life insurance companies are making new commercial real estate loans. In recent months, Stein Law has closed several new financing transactions. But we have also witnessed a more concerning trend – borrowers getting strung along by lenders or brokers only to be left … More Playing With Fire

Long Live the King

Commercial property owners brace for an uncertain future. With $814 billion in commercial real estate loans expected to mature by 2011, there is substantial concern among analysts that a series of commercial loan defaults is looming. In another attempt to loosen credit and extend commercial real estate lending, the Federal Reserve and Treasury Department announced … More Long Live the King

Investor’s Anti-Deficiency Deficiency

Investor’s Anti-Deficiency Deficiency           Substantial changes to Arizona’s anti-deficiency law are coming. On July 10, 2009, Arizona Governor Brewer signed SB 1271 into law, which is effective September 30, 2009. This law will have a profound impact on developers and investors of Arizona’s residential real estate market. In the meantime, many questions have arisen about … More Investor’s Anti-Deficiency Deficiency

Treatment For Troubled Assets

Treatment For Troubled Assets From its inception, the Public Private Investment Program (PPIP) was considered to be a key component of the Treasury Department’s Financial Stability Plan.  The PPIP was designed to attract private capital with financing incentives to acquire various troubled legacy loans (including residential and commercial mortgages) and the legacy securities backed by … More Treatment For Troubled Assets