Mezzanine Lenders and Foreclosure Sales During COVID-19

Claud Mccoid

This article reviews a new situation, D2 Mark LLC v. OREI VI Investments LLC, to realize how the court’s final decision may possibly give mezzanine lenders with advice in structuring a UCC foreclosures sale auction in the COVID-19 landscape so as to bolster their place versus any promises by the mezzanine borrower that the sale is not commercially realistic.

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Will Pandemic Lead to More SARE Filings?

Single-asset actual estate bankruptcies (SAREs) are streamlined reorganizations for personal debt taken out by debtors on just a person property, offering them a three-thirty day period window to suggest a restructuring prepare.