Non-bank lender Thinktank is targeting the self-managed super sector with two new trusts that give them an exposure to small-scale commercial assets that generally have performed better in distressed times than larger-scale properties. Thinktank's move reflects the resurgent interest in mortgage-backed funds, which dwindled after hitting problems during the global financial crisis. Foreclosure News
Commercial properties throughout Genesee County could head to this year's property auction for non-payment of property taxes, some valued at millions of dollars. This is a list of the top nine, from most to least, valuable commercial properties on the county's 2018 foreclosure list. Foreclosure News
Over the last few months there have been several significant commercial law cases in Arizona. These have included four Court of Appeals and three Supreme Court cases, each addressing common loan document provisions and other issues of significance to transactional lawyers and lenders: Dobson Bay Club v. Foreclosure News
In PMC Aviation 2012-1 LLC et al. v. Jet Midwest Group, LLC et al. , No. 654047/2015, BL221447 , Commercial Division Justice Shirley Kornreich denied a motion to dismiss a fraudulent inducement claim by an LLC member against its business partner. Foreclosure News
With the financial crisis still in mind and the potential “wall of maturities” perpetually on the horizon, the Nevada Legislature has enacted two bills addressing commercial real property foreclosure and commercial real property receiverships. Turning first to commercial foreclosures, the Nevada Legislature previously enacted legislation requiring foreclosing lenders to provide an affidavit of authority indicating […]
Law analytics platform Lex Machina has expanded its coverage to include commercial litigation. On Tuesday, the company announced that it has added more than 62,000 commercial cases filed since 2009, many in the realm of federal contract claims and business torts. The commercial module will allow users to forecast how much time it would take […]
On Flint's east side, the property at 1101 North Center Road is one of the listing on Genesee County's foreclosure list. According to county records, the property's state equalized value is $ 1,645,000. Foreclosure News
Financing ground leases has become an increasingly significant part of commercial real estate lending. However, ground tenants, as borrowers, and their attorneys often fail to include integral lender protections when documenting ground leases. Foreclosure News
Munish Ghai started his real estate career almost a decade ago selling cheap foreclosure homes in the depths of the recession, then he switched to commercial real estate. The emotions involved with selling a house were hard on Ghai, who prefers the cut-and-dry number crunching in commercial. Foreclosure News
This post explores those provisions in more detail, including examining the purposes and public policy objectives behind receiver sales, and potential conflicts with California's One Action rule and anti-deficiency framework. With court approval, a receiver may transfer receivership property other than in the ordinary course of business by sale, lease, license, exchange, or other disposition. […]