We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Lexology logo
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 18

Lenders: beware of the “two-dollar bankruptcy”

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • February 7 2013

Most lenders usually only involve legal in problematic or highly-complicated transactions; otherwise, business would grind to a halt. Most loan

Double bogie: bank's security interest in green fees cut off by club's cankruptcy

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • January 15 2013

Are golf course revenues "rents"? A golf course may look like a solid piece of collateral. After all, golfers will pay good money to play and the

Double bogie: bank's security interest in green fees cut off by club's bankruptcy

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • January 7 2013

A golf course may look like a solid piece of collateral. After all, golfers will pay good money to play and the green fees and driving range fees golfers

Buying a hotel? Financing a hotel? 10 things every borrower should know (Part 2)

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • December 13 2012

The loan documents may restrict the borrower from having any indebtedness other than the mortgage loan, with an exception for a limited amount of accounts payable that may be outstanding for a short time (consistent with the normal payment cycle -- such as 60 days), as long as the indebtedness is not evidenced by a promissory note

Buying a hotel? Financing a hotel? 10 things every borrower should know. (part 1)

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • December 8 2012

Hotels are operating businesses, but for lending purposes, hotels have traditionally been financed as real estate

Foreclosing on an assisted living facility: what is the lender's role? Who is responsible for patients?

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • August 28 2012

Smaller, home-like assisted living facilities are increasingly common today for America's aging population

Credit card fees and the hospitality impact of the Durbin Amendment

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • August 24 2012

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 certainly sparked fierce debate about government regulation, consumer choice, innovation and entrepreneurship

5 things to remember when buying hotel notes

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • March 13 2012

The hotel industry experts have published their forecasts for 2012 and they seem to agree on the following two predictions

Don't create a liability when you sell a loan

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • December 30 2011

These days, many institutional lenders are selling non-performing loans to financial and strategic buyers

Class action defense cases - In Re Community Bank: Third Circuit court again reverses approval of class action settlement holding wrong legal standard applied to determine adequacy of representation

  • Jeffer Mangels Butler & Mitchell LLP
  • -
  • USA
  • -
  • October 4 2011

District court applied wrong legal standard in finding named plaintiffs and their counsel to be adequate representatives of the proposed class under Rule 23(a)(4) and thus abused its discretion in certifying class and approving nationwide class action settlement Third Circuit holds