News & Analysis as of

Lenders Property Improvements

Cadwalader, Wickersham & Taft LLP

Alterations Provisions April 2022 - Alterations Provisions in Loan Documents

In real estate financing, most loan documents restrict a Borrower’s right to alter the collateralized real property. Alterations provisions in loan documents pertain to any alterations, improvements, or demolition of any...more

Snell & Wilmer

Foreclosure Deficiency: Construction Loan vs. Home Improvement Loan

Snell & Wilmer on

In a recent Arizona Court of Appeals case, Helvetica Servicing, Inc., v. Pasquan, 2019 WL 3820015, (8/15/19), the Court of Appeals addressed the distinction between (1) a construction loan (or refinance of same) and (2) a...more

Womble Bond Dickinson

Tax Trap: Don't Overlook Occupancy in Property Assessments

Womble Bond Dickinson on

Assessors too often value newly constructed apartments as fully occupied, producing excessive tax assessments. Developers frequently ask how to estimate property taxes on newly constructed multifamily properties, and tax...more

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