May 14, 2019 | New York Law Journal
'Sutton 58 v. Pilevsky': It's Not All Bad NewsIn their Real Estate Financing column, Jeffrey Steiner and Dino Fazlibegu discuss the recent First Department Appellate Division decision Sutton 58 Associations LLC v. Philip Pilevsky, which “engendered a good deal of alarm in the New York commercial real estate lending community as more than a few worried that the decision would deprive lenders of the protections afforded to them by having special purpose bankruptcy remote and single asset borrowers.”
By Jeffrey B. Steiner and Dino Fazlibegu
8 minute read
January 15, 2019 | New York Law Journal
Proposed Regulations To Benefit Opportunity Zone InvestingIn their Real Estate Financing column, Jeffrey B. Steiner and Dino Fazlibegu predict that as a result of Proposed Regulations which address certain issues associated with acquisitions of real property located in “qualified opportunity zones,” commercial mortgage lenders should see an increase in loan applications related to properties located in low-income areas as investors endeavor to take advantage of associated tax benefits.
By Jeffrey B. Steiner and Dino Fazlibegu
10 minute read
November 20, 2018 | New York Law Journal
FAR Bonus Rights as Mortgage CollateralIn their Financing column, Jeffrey B. Steiner and Dino Fazlibegu use the New York Supreme Court case CB Frontier v. Wilmington Trust to serve as cautionary tale for mortgage lenders, and their attorneys, who make loans to borrowers who may own FAR bonuses.
By Jeffrey B. Steiner and Dino Fazlibegu
5 minute read
September 18, 2018 | New York Law Journal
Recording Mortgages: Getting It Right FirstIn their Financing column, Jeffrey Steiner and Dino Fazlibegu warn attorneys representing mortgage lenders to be careful drafting loan documents to avoid their client's mortgage being primed by another mortgage. They use the case 'JPMorgan Chase Bank v. Zhan Hua Cao' as an example that there is no substitute for careful review of the details.
By Jeffrey B. Steiner and Dino Fazlibegu
6 minute read
May 15, 2018 | New York Law Journal
Avoiding Lender Liability to Contractors in Construction LoansIn their Financing column, Jeffrey Steiner and Dino Fazlibegu caution commercial mortgage lenders that they need to be vigilant in their interactions with contractors when making constructions loans, and offer advice on how to do so.
By Jeffrey B. Steiner and Dino Fazlibegu
8 minute read