Is a By-the-Hour Motel a Single Asset Real Estate for Chapter 11 Purposes? | Pillsbury – Gravel2Gavel Construction & Real Estate Law

Emily Parkin

Single asset real estate (SARE) is a unique classification under the Bankruptcy Code with implications for both debtors and lenders. SARE classification is apparent for a property such as a shopping center, apartment complex or office building where the debtor’s income is generated exclusively from real estate operations, but is […]

Exemption From California Lender Licensing Law for Single Loan About to Expire | Manatt, Phelps & Phillips, LLP

Emily Parkin

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, […]