Anatomy of a New York Building Loan
The peculiarities of New York State law make structuring and documenting construction loans in New York uniquely complex. From the State’s Lien Law to its Mortgage Recording Tax to other related laws and regulations, the New York Building Loan is the nexus of a complex array of rules and regulations that give construction financing in New York its unique characteristics.
In this webinar, Cole Schotz real estate partner Robert A. Riva takes participants through a close look at the legal framework and practical realities of structuring and documenting New York construction loans and provides participants with a basic understanding of the fundamental considerations lying at the heart of the New York Building Loan.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.