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
-
18th Annual Outlook on the Commercial Real Estate Market
March 21, 2025
-
AI Regulation: A Review of AI Usage in the Consumer Finance Industry and the Growing Federal and State Regulation of the Technology | Consumer Finance Law Quarterly Report
March 1, 2025
-
Health Care Private Equity Scrutiny Continues
February 28, 2025