Loans are a staple of small business throughout the U.S. Subordinate loans are often just as important as the primary variety. Just as an equity loan, which is recorded after the first mortgage, can ...
Peter Fisch, Harris B. Freidus and Micah J.B. McOwen of Paul, Weiss, Rifkind, Wharton & Garrison examine two of the most common subordinate financing structures and consider whether the real estate ...
The second of four panels at Commercial Observer’s Financing Commercial Real Estate Forum in New York, on Tuesday—Traditional Lending: Reshuffling the Capital Stack—featured industry experts including ...
A few months ago, we addressed the topic of encouraging borrowers to ask their lenders “what’s possible” in recasting their home loans. Some consumers who have owed more than their home was worth have ...
Commercial mortgage-backed securities (CMBS) transactions that include subordinate debt in the capital stack face an increased risk of defaults and more complex workouts as billions of dollars of CMBS ...
BDC Subordinate Financing, the investment arm of Business Development Bank of Canada (BDC), has appointed Barry Hubich to the new position of vice president, subordinate financing, Western Canada, and ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. A new law embedded in a budget trailer bill makes it harder ...
To avoid this, a so-called qualified subordination (qualifizierter Rangrücktritt) is often declared with respect to the loan at issue. According to case law issued by the Federal Court of Justice (BGH ...