Pledges of equity have been used for many years as the vehicle to allow mezzanine lenders to secure mezzanine loans. Now, lenders use pledges of equity as an essential structuring tool to implement a logical exit strategy in case of a default. The pledges of equity taken in conjunction with a lender making and securing […]
Learn about mezzanine debt structure and title insurance options in an on-demand webinar offering CLE credits. The 90-minute webinar — Title Insurance for Real Estate Mezzanine Financing: UCC Policy Requirements and Coverage — is co-presented by Gary Zimmerman of UCCPlus and Nicholas M.W. Hoffman of the law firm Haynes Boone. The webinar features an overview […]
On May 18, property owners and lenders will gather in New York City to discuss strategies for new acquisitions, development and refinancing at IMN’s Real Estate Mezzanine Financing & High Yield Debt Forum. At the conference, Gary Zimmerman of UCCPlus will lead a panel discussion about distressed debt opportunities, examining: What are current default rates […]
iGlobal Forum’s Real Estate Mezzanine Financing Summit will be held May 4 in New York City. The conference, now in its 12th year, will bring together borrowers and lenders to discuss current challenges and opportunities in real estate financing, with a focus on mezzanine and high-yield debt. According to iGlobal, the event will provide attendees […]
Gain a deeper understanding of the mezzanine foreclosure process and potentially earn CLE credit by watching the on-demand webinar Mezzanine Foreclosure in Real Estate Finance: UCC Article 9, Mortgage and Intercreditor Constraints, Threshold Issues. The 90-minute webinar, co-presented by Gary Zimmerman of UCCPlus and Meryl P. Diamond of the law firm Alston & Bird, examines […]
In this article written for LexisNexis by Gary Zimmerman of UCCPlus, read about the role of the UCC in commercial real estate transactions, with a particular focus on those involving pledges of equity. Get an overview of the UCC and pledges of equity in the real estate mezzanine loan context. Also, learn about the two […]
Guest author Darrell W. Pierce of the law firm Dykema Gossett explains why lenders providing financing for power production facilities need to examine the unique characteristics of these properties to avoid substantial gaps in title insurance coverage.
Lenders have typically relied on heavily-qualified legal opinions of outside counsel regarding the attachment, perfection and priority of a security interest. A UCC insurance policy provides a significant advantage over a legal opinion, offering greater protection to the lender and limited liability to outside counsel.
For working capital or term loan transactions, an insured lender is making a loan to a business looking to expand or enhance its operation. These loans are typically secured by all assets of the business, but usually focus on accounts, inventory, equipment and the general intangibles of the company.
Unlike real property, where both the buyer and the buyer’s title company rely on the protections of a particular state’s recordation act to locate and identify all transfers of ownership of real property, no similar statutes or protections exist with regard to a transfer of an ownership interest in a limited liability company (LLC), limited […]
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