In Atlas MF Mezzanine Borrower, LLC v. Macquarie Texas Loan Holder LLC, 2019 NY Slip Op 04495, decided June 6, 2019, the Appellate Division, First Department, dismissed causes of action seeking an Order overturning a mezzanine loan foreclosure sale, on grounds including claims that the lender breached the duty of good faith and fair dealing by not...
Debtor’s Rights of Redemption from a Mezzanine Loan UCC
By
Mike Berey on March 16, 2021
Topics: mezzanine loan
UCC Sale in the Enforcement of a Mezzanine Loan May Not be Unwound
By
Mike Berey on August 21, 2019
The Plaintiff sought a ruling that the sale of equity interests in eleven commercial properties, which interests were pledged as collateral for a mezzanine loan, was commercially unreasonable because the auction sale was not conducted in a commercially reasonable manner as required by Section 9-610 (“Disposition of collateral after default”) of...
Topics: Commercial Real Estate UCC mezzanine loan
Mezzanine Loan Held Not to Clog Equity of Redemption
By
Mike Berey on September 5, 2018
A loan for real estate projects in Kansas City and Cincinnati was secured by a mortgage on the land being developed and by the pledge of the membership interests in the borrower. The lenders commenced a UCC foreclosure sale of the membership interests.
Topics: equity of redemption mezzanine loan