Jeffrey B. Steiner

January 15, 2019 | New York Law Journal

In 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

In 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

In 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

July 17, 2018 | New York Law Journal

In their Financing column, Jeffrey Steiner and Scott Weinberg discuss the potential of a Right of First Refusal to frustrate a lender's ability to exercise remedies and certain steps a lender may take to protect itself against such potentiality.

By Jeffrey B. Steiner and Scott A. Weinberg

1 minute read

May 15, 2018 | New York Law Journal

In 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

March 20, 2018 | New York Law Journal

In his Financing column, Jeffrey Steiner warns mortgage lenders not to not rely on assignments of leases and rents, whether as a clause in the mortgage or as a separate agreement, to protect their interests in the income from their collateral prior to the appointment of a receiver or the final sale of the property at foreclosure. Instead, he concludes, "lenders should account for risks by taking other legal measures which grant them greater control and give them enforceable rights immediately upon default."

By Jeffrey B. Steiner

7 minute read

January 16, 2018 | New York Law Journal

In 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

In 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

In 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

In 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