A Better View for Real Estate Holdings and Legal Entities

Berkman Solutions

Watch this previously recorded webinar for real estate and legal professionals. Real Estate Holdings and Legal Entities show how to design an entity management practice for real estate investment.
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Spotlight

Father's Day reserves 24 hours to celebrate the Dads in our lives, but we believe that any day is worth celebrating the guys that make home such a special place. As proud partners of NBC's George to the Rescue, Coldwell Banker

OTHER ON-DEMAND WEBINARS

Mezzanine Foreclosure in Real Estate Finance: UCC Article 9, Mortgage and Intercreditor Constraints, Threshold Issues

Mezzanine loans have become the preferred vehicle for subordinate financing in real estate transactions. The repayment obligation is typically secured by a perfected UCC security interest in the mortgage borrower's equity interests. Counsel should have a thorough understanding of how the foreclosure remedy is exercised under Article 9 and the mezzanine foreclosure ramifications for the mortgage borrower, mortgage lender, and other parties to the transaction. Before commencing foreclosure, the mezzanine lender must review all relevant transaction documents, including UCC insurance policies. If the debtor "opted into" Article 8, the lender must locate the certificate. Counsel must understand the mortgage lender's rights and the rights of any senior mezzanine lenders, ground lessors, or other parties with interest in the underlying property. An intercreditor agreement will likely provide the most significant input into the timing and nature of remedies vis a vis other lenders. Article 9 provides that a public sale must be conducted in a "commercially reasonable" manner, with advance notice to all relevant parties under Sections 9-611 and 9-612. The public must have a "meaningful opportunity" for competitive bidding, requiring some form of advertisement or public notice preceding the sale. The location and manner of the sale should be appropriate to allow for public access to the disposition. Recent New York case law indicates that "commercially reasonable" may entail more stringent standards in light of foreclosure moratoriums and the continuing impacts of the pandemic on real estate properties. The mortgage may limit the transfer of ownership interests in the mortgage borrower to a "qualified transferee," generally defined as either the mezzanine lender itself or an institutional investor meeting specific requirements. This significantly restricts the potential universe of purchasers at a foreclosure sale, and the process of "qualifying" the winning bidder may inject uncertainty surrounding the ability of a buyer to close.
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Health at the Core — Real Estate Redefines its Value Proposition. And We ALL Benefit

From multifamily to corporate real estate, it’s usually not easy to make the invisible important to buyers and tenants. Air filtration calculus and material chemical composition just isn’t as compelling as skyline views and granite countertops — nor is the invisible as easy to showcase. But in the current environment the ways that our interior spaces are helping keep us safer and healthier lead the benefits list for nearly every customer. Hear how real estate leaders on both coasts are creating people-first places and readying them for a real estate market that has changed forever.
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Diamond in the Rough Transitioning Land for Development

REALTORS Land Institute

Do you know the largest transitional land project ever undertaken? Want to see some of the neatest transitional land properties RLI Members have conducted? Ready to be inspired and learn to think outside the box? Transitional land opportunities exist everywhere, from large metropolitan areas to small regional cities.
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3 Steps to Construction Collaboration & Productivity

Procore

Watch this webinar to hear from a couple of tech construction maestros about: - Why construction is primed for productivity gains - Gaining real-time insights and a clearer picture of what's happening on-site - Saving time on the to and fro of paperwork, entering data and re-work - 3 steps you can take to digitise your construction projects for the better.
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Spotlight

Father's Day reserves 24 hours to celebrate the Dads in our lives, but we believe that any day is worth celebrating the guys that make home such a special place. As proud partners of NBC's George to the Rescue, Coldwell Banker

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