Until recently, due to market uncertainties, many lenders holding defaulted commercial mortgage loans had deferred making a decision as to whether to sell the loan or enforce remedies. Now, commercial mortgage loans encumbering New York City properties are being sold at discounts, often to investors in a “loan to own” scenario.
At the same time, owners of properties that are likely to become the subject of a foreclosure proceeding, often motivated by a desire to avoid the negative publicity and increased costs of foreclosure, are making preemptive disposition decisions.1
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
