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Lenders › Distressed Properties

J.S. Held

Examining the Uniform Commercial Real Estate Receivership Act in Shaping Arizona’s Real Estate Receiverships

J.S. Held on

Historically, Arizona courts have granted receivers certain powers and duties related to commercial real estate and certain residential property in accordance with A.R.S. § 12-1241,1 and A.R.S. § 12-1242.2 For example,...more

Goodwin

House Votes to Repeal OCC True Lender Rule

Goodwin on

In This Issue. The House of Representatives voted to pass a Congressional Review Act resolution repealing the Office of the Comptroller of the Currency’s (OCC) “true lender” rule; the Consumer Financial Protection Bureau...more

Katten Muchin Rosenman LLP

What Lenders are Thinking as They Assess Distressed Hotels - Given the uncertainty and dwindling cash flow, lenders in the sector...

Katten Muchin Rosenman LLP on

By now it’s no secret that the spread of COVID-19 will likely continue to significantly curtail travel. As airlines suffer, so too will hotels. For lenders, cancellations and reduced bookings will mean reduced cash flow...more

Bilzin Sumberg

Sunset of Distressed Condominium Relief Act Extended

Bilzin Sumberg on

The Distressed Condominium Relief Act enacted as Part VII of the Condominium Act in 2010 (“Act”) was a temporary measure to encourage absorption of unsold condominium units arising as a result of the Great Recession. This...more

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