February 13, 2009 | New York Law Journal
The Lender's Exit Strategy In Mezzanine FinancingSandra Stern, a partner at Nordquist & Stern, explores the secured party's options for enforcing its security interest and disposing of the collateral after it has declared an event of default in a mezzanine loan and advises that the secured party's first decision should be whether it will proceed by judicial foreclosure or a nonjudicial process under the self help rules in Part 6 of Article 9 of the UCC.
By Sandra Stern
13 minute read
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