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Mortgage guide released
Real Estate Weekly, Sept 4, 2002
"The key to closing enforceable commercial mortgages in New York state is being prepared for the unexpected tax issues, unusual affidavits, oral law, and sometimes hostile courts," says Joshua Stein, of Latham & Watkins, author of Aspen Law & Business' newly published New York Commercial Mortgage Transactions.
In his one-volume desk reference, the New York City-based Stein distills decades of commercial real estate experience into step-by-step guidance to structuring, negotiating, and closing commercial mortgage loans. He blends legal theory with practical insights to provide complete coverage of all New York-specific issues, including mortgage recording tax, usury law, construction lending issues, and mortgage enforcement, as well as multi-state transactions such as choice of law, loan allocation strategies, and opinion concerns.
The book also includes techniques for handling recent tax rulings on the availability of defeasance for New York mortgage loans, allocating indebtedness, managing risks associated with splitting mortgages for enforceability, and responding to recent anti-lender cases.
New York Commercial Mortgage Transactions is available from Aspen Law & Business. To order, call 800-638-8437.
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