Mezzanine loans have become a preferred tool for subordinate financing in commercial real estate. When a mezzanine borrower defaults, the lender’s path to recovery runs through a UCC Article 9 foreclosure on the pledged equity interests. That process carries traps that can delay a sale or expose it to challenge. Gary Zimmerman, Senior Vice President and Chief Underwriting Counsel of UCCPlus, will co-present a live 90-minute CLE webinar on the topic with Meryl P. Diamond, a partner at Riemer & Braunstein LLP.
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