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Mitch Berg and Harris Freidus Publish Article in New York Law Journal
January 16, 2009 Full PDF
Real estate partners Mitch Berg and Harris Freidus published the article, "Statute Benefits Lenders, But Protects Borrowers," in the Real Estate Trends section of the January 14 issue of the New York Law Journal. The article discusses the rights and remedies of a mezzanine borrower under Article 9, in a time when the real estate industry is expecting an increasing number of defaults, restructurings and foreclosures. By understanding the various rights and remedies afforded, mezzanine borrowers will be better prepared to protect themselves in the event their mezzanine lender declares a default under the mezzanine loan. Associate Michael Elliott and senior vice president and special counsel at First American Title Insurance Company of New York Spencer Compton assisted in the preparation of this article.