In 2022, the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute (ALI) published the first substantive amendments to the Uniform Commercial Code (UCC) since 2010 (the “2022 Amendments”). As of […]
Part II—The Guardrails the Lender Should Stay Within for CRE Loan Extensions and Restructurings.
Part III — What Lenders Should Look for in the Borrower’s Presentation and Plan.
Part I— The Lender’s Assembly of Information for CRE Loan Extensions and Restructurings.
The new Corporate Transparency Act ("CTA"), as part of the National Defense Authorization Act ("NDAA"), directs the Financial Crimes Enforcement Network ("FinCEN") to establish and maintain a national registry of corporate […]
On November 30, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a final rule extending the deadline for certain "reporting companies" to file their initial beneficial ownership (BOI) report under the Corporate Transparency Act […]
In Part II, Charles Aster discussed how the borrower needs to approach the initial meetings with the lender when its CRE loan is in the near future maturing and the borrower needs a loan extension or restructuring. The borrower needs to understand the […]
In Part I of this three-part blog on meeting with your lender, Charles Aster discussed the new June 2023 Policy Statement (the "2023 Fed Policy Statement") issued by the Federal Banking Authorities (the “Feds”), the upcoming […]
As discussed in previous blogs regarding the $4-5 Trillion of office mortgage loans maturing in 2024 and 2025, the Federal Banking Authorities (the “Feds”) have foreseen, in their new June 2023 Policy Statement (the "2023 Fed Policy […]
The Corporate Transparency Act ("CTA") directs the Financial Crimes Enforcement Network ("FinCEN") to establish and maintain a national registry of corporate beneficial ownership information ("BOI"). The CTA is comprised […]
A little over two months ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity […]
A little over two months ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity […]