In the latest installment of “Mezzanine Foreclosures in the Time of Coronavirus”, the Lender fired back at the Borrower’s injunction request, claiming that the Borrower had “squandered lifelines” thrown out to it over many months and that granting the stay would let the Borrower “benefit from a global crisis by evading the consequences of
Foreclosure
A Mayday on May Day . . .
By Crunched Credit on
Last week the New York Supreme Court answered an SOS from a borrower seeking a TRO to prevent a sale under the UCC in NYC that was scheduled to take place on May 1st. For more information on this alphabet soup, read our OnPoint about new potential pitfalls for mezzanine lenders seeking to…
“First” Deeds of Trust now Second in Line?
By Nicolas Novy & Rick Jones on
Never a dull moment. We at Crunched Credit are probably guilty of excess and perhaps myopic focus on our federal government and its regulatory apparatus; it is such a consistently reliable source of commentary and outrage. So here’s one out of left field, but no less important for that.
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