Earn 1.5 CLE credits and learn what mezzanine lenders must review before exercising their foreclosure remedy.
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. Mezzanine Foreclosure in Real Estate Finance: UCC Article 9, Mortgage and Intercreditor Constraints, Threshold Issues is hosted by Strafford, a BARBRI company, on Thursday, November 5, 2026, at 1:00 PM ET / 10:00 AM PT.
The panel will address:
- What level of property due diligence and title review the mezzanine lender should conduct before foreclosure
- Which mortgage loan and intercreditor agreement provisions can affect the lender’s rights and remedies
- How Article 9’s commercial reasonableness standard applies to notice, publication and conducting a public sale
- The additional steps required if the borrower has opted into Article 8, including locating the certificate
- How “qualified transferee” restrictions limit who can buy at the sale
Gary brings the underwriter’s perspective. He reviews the structure of major-market commercial finance and mezzanine loan transactions every day, including the UCC insurance policies lenders rely on when it is time to enforce.
The webinar includes a live question-and-answer session. It is eligible for 1.5 CLE credits in most states. Early-bird pricing is available through October 22.
Can’t attend live? Strafford typically offers its programs on demand after the live date. Check the registration page for options.
Have a question about UCC insurance for a mezzanine transaction? Contact UCCPlus.