The Michigan State Court of Appeals’ decision in Wells Fargo, N.A. v. Cherryland Mall Limited may cause an array of unanticipated consequences on the limited recourse loan market. In our latest podcast, David A. Jaffe, corporate partner in Fox Rothschild’s Pittsburgh office, discusses those consequences and explains how this precedent-setting decision may impact the availability of capital through loan securitizations, debt capital markets and single purpose entity borrowers.
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