Jeffrey B. Steiner and David Broderick Construction Lending and Guaranty Issues
In their Real Estate Financing column, Jeffrey Steiner and David Broderick discuss construction loan guaranties which prompt a variety of issues, particularly when mezzanine debt exists in addition to mortgage loan debt.
July 20, 2021 at 12:20 PM
5 minute read
A number of private lenders and institutional lenders will agree to make construction loans on a non-recourse basis, however, certain commercial banks will require payment guaranties from sponsors obtaining construction loans, in addition to a completion guaranty and a carry guaranty.
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