Lawmakers in the state capital are poised to allow a lucrative $1.7 billion New York City property tax break to sunset, leaving developers in limbo on rental housing projects and skirting one of the few legislative efforts to reform the city’s arcane property tax system. New York state lawmakers hustled […]
Expire
Exemption From California Lender Licensing Law for Single Loan About to Expire | Manatt, Phelps & Phillips, LLP
An exemption from the California lender licensing law for a person making a single commercial-purpose loan in a rolling 12-month period is about to “sunset” in California, impacting persons who have relied upon the exemption, including when structuring transactions through special-purpose vehicles (SPVs). What Happened As lenders likely are aware, […]