In this four-part series, colleagues Caroline A. Harcourt and Patrick E. Fitzmaurice provide diligence checklists for the acquisition of distressed real estate debt, and discuss UCC foreclosure basics and 363 bankruptcy sales. Part I: In Acquiring Distressed Commercial Mortgage Loans: A Diligence Checklist, Caroline explores why, when it comes to the acquisition…
We recently discussed the importance of diligence when acquiring distressed commercial mortgage loans, providing a diligence checklist for the process. Given that any foreclosing mezzanine lender may step “into ownership” if it forecloses upon its mezzanine loan, perhaps even greater care should be exercised when considering the purchase of a…
The CARES Act provides $350 billion for small business Paycheck Protection Loans and an additional $10 billion for the existing Economic Injury Disaster Loan program. Colleague David Miller describes the new Paycheck Protection Loan Program and the existing Economic Injury Disaster Loan Program below. These are complex programs, with regulations…