January 16, 2018 | New York Law Journal
Avoiding Pitfalls When Using Lists in Legal DocumentsIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss the potential for unintended consequences resulting from the misuse of list-qualifying phrases such as "i.e." "e.g." and "including," and advise legal drafters to use caution before using them in legal documents.
By Jeffrey B. Steiner and Jason R. Goldstein
7 minute read
November 14, 2017 | New York Law Journal
Illegal Activity and Real Estate CollateralIn their Financing column, Jeffrey Steiner and Jason Goldstein caution real estate lenders to use caution now more than ever to avoid problems resulting from illegal activity occurring at collateral property.
By Jeffrey B. Steiner and Jason R. Goldstein
19 minute read
September 21, 2017 | New York Law Journal
LIBOR and the Future of Floating Rate Mortgage LoansIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss the implications for real estate lenders in the wake of the anticipated phase-out of the much-used LIBOR index rate.
By Jeffrey B. Steiner and Jason R. Goldstein
12 minute read
July 18, 2017 | New York Law Journal
Material Modifications of Building LoansIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein remind practitioners to be cautious when representing lenders that modify building loans.
By Jeffrey B. Steiner and Jason R. Goldstein
8 minute read
May 16, 2017 | New York Law Journal
Enforcing Prepayment Premium ClausesIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss how the prepayment of a loan in commercial real estate transactions may result in unanticipated economic consequences and write: Counsel representing lenders must take care when drafting provisions designed to protect their clients against the risks associated with prepayments by borrowers. For the broadest protection, such provisions should clearly and unambiguously call for the payment of a prepayment fee upon borrower's default and lender's acceleration of the loan, whether prepayment occurs before, after or during a foreclosure action.
By Jeffrey B. Steiner and Jason R. Goldstein
15 minute read
March 14, 2017 | New York Law Journal
Local Considerations in Jury Trial Waiver EnforcementIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss the inclusion of pre-dispute jury waiver provisions in loan documents as a means to circumvent a trial by jury in commercial cases. They use a recent California case, 'Rincon v. CP III Rincon Towers,' to highlight the issue.
By Jeffrey B. Steiner and Jason R. Goldstein
12 minute read
January 17, 2017 | New York Law Journal
Condominium Loans and Lien PriorityIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein address some unique aspects of condominium structures which require closer examination on a case-by-case basis.
By Jeffrey B. Steiner and Jason R. Goldstein
13 minute read
November 15, 2016 | New York Law Journal
Pitfalls of Relying on General IndemnitiesIn their Financing column, Jeffery B. Steiner and Jason R. Goldstein write: Lenders cannot rely exclusively on generic catch-all indemnification provisions to recover all of their loan expenses from their borrowers. To the extent that lenders expect to enter into hedging transactions when extending credit, the loan documents should delineate the circumstances when the borrower will be liable for losses arising from unwinding any such transactions, including upon an early prepayment.
By Jeffery B. Steiner and Jason R. Goldstein
13 minute read
September 20, 2016 | New York Law Journal
The Importance of Reviewing Term Sheet ContingenciesIn their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss term sheets contingencies and write: Term sheet disputes can be frustrating but they are a natural result of a fast-paced negotiation that seeks to distill a couple hundred pages of loan documents down to a ten-page letter agreement. A well-written term sheet will protect a lender from being obligated to lend on terms that, following diligence or complete loan document negotiation, turn out to be unacceptable to the lender.
By Jeffrey B. Steiner and Jason R. Goldstein
15 minute read
July 20, 2016 | New York Law Journal
Guarantees: When Is a Contest 'Material'?In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss guarantee agreements and advise: "In order to ensure that a lender's rights to exercise its default remedies are protected, guaranty agreements should always be negotiated with care to ensure that the guarantor will be held sufficiently liable for any losses incurred by the lender."
By Jeffrey B. Steiner and Jason R. Goldstein
19 minute read
Trending Stories