April 1, 2020

Protecting Condominium Construction Lenders When Developers Default

Pratt’s Journal of Bankruptcy Law
Stuart M. Saft

Real Estate Partner Stuart Saft authored an article in Pratt’s Journal of Bankruptcy Law examining the best practices for a lender to proceed prior to and during a default by the developer of a mixed-use condominium. A softening real estate market is problematic for all construction lenders, but particularly for lenders financing the development of condominiums, which entail a great deal of risk as a result of the nature of a condominium and the government’s involvement in the process of creating, selling and, sometimes, operating condominiums.

READ: Protecting Condominium Construction Lenders When Developers Default (Page 6)

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