News & Analysis as of September 25, 2024

Mortgages › Subordinated Debt

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

Ohio Residential Mortgage Lending Act Takes Effect Next Week

Ballard Spahr LLP on 3/16/2018

The Ohio Residential Mortgage Lending Act (ORMLA) becomes effective on March 23, 2018. Passed in December 2017 (H.B. 199), the ORMLA consolidates the regulation and licensing of first- and subordinate-lien mortgage loans into...more

Subordinate Finance in Commercial Real Estate—The Current Landscape

Polsinelli on 11/29/2017

Commercial real estate borrowers often need financing in amounts exceeding what traditional first mortgage lenders will provide. Profound changes in various forms of subordinate finance have occurred in the wake of the...more

Tax Court Declines to Follow First Circuit Ruling on Mortgage Subordinations & Conservation Easements

Coblentz Patch Duffy & Bass on 10/25/2017

This month, the Tax Court revived a method to defeat conservation deductions with its October 10 opinion published as Palmolive Building Investors LLC et al. v. Commissioner, No. 23444-14; 149 T.C. No. 18 (Oct. 10, 2017),...more

Commercial Mortgage Loans and CMBS: Developments in the European Market – Chapter 5

K&L Gates LLP on 12/16/2016

As highlighted throughout this book, a significant development in the capital markets over the last two decades has been the arrival of real estate debt on the global stage as an asset class in its own right. Based on its...more

Need To Fix That Accidental Release of a Deed of Trust?

Parker Poe Adams & Bernstein LLP on 11/3/2016

N.C. Gen. Stat. § 45-36.6(b) provides that if a secured party erroneously records a release or satisfaction of a security instrument, then the secured party can file a document of rescission that will effectively rescind the...more

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