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Mezzanine loans were a huge part of the last real estate boom. While the amount of new mezzanine lending has declined the past few years with the onset of the real estate recession, expertise in the intricacies of mezzanine loans has remained as important as ever as a high volume of their workouts and acquisitions have continued. Moreover, going forward, most industry prognosticators believe the level of new mezzanine lending will increase dramatically over the next few years as real estate values stabilize and the industry pulls itself out of the recession. Because of the way mezzanine loans are structured, they invite a host of legal issues not found in other types of real estate lending. Additionally, since the wide-spread use of mezzanine lending in commercial real estate transactions is a relatively recent phenomenon, the law regarding mezzanine law has only recently developed (and in some instances is still developing).  Join attorney Lance Levine in this CLE for this in-depth discussion on everything attorneys need to know about this emerging area of mortgage law.

Agenda:

I.     Fundamentals
II.    Risks and Advantages
III.   Documenting the Mezzanine Loan
IV.    Due Diligence
V.     The Intercreditor Agreement
VI.    Multi-Tier and Senior/Subordinate Participated Mezzanine Loans
VII.   Exercising Remedies
VIII.  Recent Developments