Real estate lenders use guaranties to carve out certain acts from non-recourse liability and hold borrowers and principals liable in certain cases in which collateral value has decreased. This article discusses CSFB 2001-CP-4 Princeton Park Corporate Center, LLC v SB Rental I, LLC, a New Jersey appellate court decision that upheld the enforceability of a non-recourse carve-out provision making the loan fully recourse if the borrower placed a junior financing lien against the mortgaged property.
Related Professionals
Related Practices
Recent Articles
-
The Latest State of Play for the Regulation of AI in the UK Financial Services Industry | The Journal of Robotics, Artificial Intelligence & Law
May 31, 2024
-
Federal District Court Refuses to Dismiss Putative Class Action Challenging Meaning of 'Carbon Neutral' Claim | Pratt's Energy Law Report
April 1, 2024
-
Hedge funds: Tax | Practical Law Tax
March 21, 2024