Modifying a New York building loan presents an additional trap for the unwary that originating a New York building loan […]
The New York Building Loan: 9. Building Loan Modifications Read More »
In the singular world of the New York building loan, it might not surprise you that the Lien Law has
When a Section 22 Affidavit materially misstates a building loan’s “net sum available” to pay contractors for cost of improvement
The New York Building Loan: 7. Material Misstatements of the “Net Sum Available” Read More »
In addition to the mutual exchange of promises – the borrower’s promise to build in exchange for the lender’s promise
The New York Building Loan: 5. The Section 22 Affidavit Read More »
The protections that New York affords a construction lender who properly documents and files a building loan contract and its
Nothing quite sets New York apart from other states’ attempts to balance the interests of construction contractor and construction lender
The New York Building Loan: 4. Promises, Promises Read More »
States struggle to strike the right balance between assuring payments to a contractor who improves real property and a lender
The New York Building Loan: 3. In Plain Sight – the Section 13 Trust Fund Covenant Read More »
In an ideal world, the interests of contractor and lender involved in the same construction project are aligned: the project
The New York Building Loan: 2. Balancing of Interests Read More »
The New York Building Loan is the nexus, so to speak, of the state’s attempt to balance the often competing
The New York Building Loan: 1. Overview Read More »
