Soneet R. Kapila,left, and Melissa Davis,right, of KapilaMukamal. New Receivership Act Streamlines Receiver's Role for Lenders, Other Stakeholders
The effect of COVID-19 has led to a widespread economic downturn resulting in increasing commercial real estate loan defaults, leaving lenders seeking quick and efficient remedies to protect their collateral.
September 10, 2020 at 10:45 AM
5 minute read
The effect of COVID-19 has led to a widespread economic downturn resulting in increasing commercial real estate loan defaults, leaving lenders seeking quick and efficient remedies to protect their collateral. In these instances, lenders may consider using court-appointed receivers as a means to protect and preserve the value of their collateral. The state of Florida has streamlined this option even more.
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