Five Strategies for Special Servicer Negotiations: How to avoid the most common stumbling blocks

Whether you are a borrower, a B-piece holder or a foreclosing mezzanine lender, at some point you have found yourself in the unenviable position of dealing with a special servicer. By gaining insight into what motivates special servicers, you will solidify your negotiation strategy and better understand how to avoid a few common pitfalls. In […]

Non-Recourse Carveout Guaranties Upheld in New York

In a pair of decisions this year, the New York Supreme Court enforced the full recourse provisions of a non-recourse carve-out guaranty where the borrower filed a voluntary bankruptcy petition. While this is good news for lenders holding these so-called bad-boy guaranties -- and one less arrow in the quivers of distressed borrowers -- there […]