News & Analysis as of

Renewable Energy Mortgages

Cadwalader, Wickersham & Taft LLP

IRS Private Letter Ruling Says CPACE Loans Qualify for REMIC Transactions

The IRS recently concluded that certain commercial property assessed clean energy (“CPACE”) assets are “obligations . . . secured by an interest in real property” under Code Section 860G(a)(3) in a private letter ruling...more

Husch Blackwell LLP

Non-Disturbance Agreements: Beneficial to Both Renewables Developers and Banks

Husch Blackwell LLP on

Few propositions are as much of a win-win for both the holders of mortgages and the developers of renewable energy projects as non-disturbance and attornment agreements....more

Husch Blackwell LLP

Resolving Prior Mortgage Issues On Greenfield Renewable Energy Projects

Husch Blackwell LLP on

Prior mortgages are typical due-diligence items in the real estate title review process for renewable energy projects. Resolving issues related to prior mortgages is key to establishing a title policy that is satisfactory to...more

Ballard Spahr LLP

FHA and VA to Expand Coverage to Properties with Certain PACE Assessments

Ballard Spahr LLP on

The Federal Housing Administration (FHA) has announced guidance intended to clarify circumstances under which residential properties encumbered by a Property Assessed Clean Energy (PACE) special assessment would be eligible...more

K&L Gates LLP

The Projects and Construction Review, Chapter 22 "Italy"

K&L Gates LLP on

The current state of Italian project finance is the result of a trend initiated more than 20 years ago, when public resources started to become scarce and the construction or infrastructure needed private funds to be carried...more

Foley & Lardner LLP

Florida Foreclosure Laws Affected by Governor Scott's Signing of HB 87

Foley & Lardner LLP on

On June 7, 2013, Florida Gov. Rick Scott signed HB 87, affecting the state’s foreclosure laws. By its terms, the statute is effective immediately. Below are some of the highlights...more

Skadden, Arps, Slate, Meagher & Flom LLP

"SEC Filing Illustrates Recent REIT Trend: Holding and Financing Renewable Energy Assets"

Sponsors and investors have been paying much attention to the potential use of real estate investment trust (REIT) structures to hold and finance renewable energy assets in a tax-efficient way. A recent SEC filing by Hannon...more

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