Joel Haims

Jan 17, 2024 | law.com | Scott Weinberg |Joel Haims

As part of the collateral package, virtually all commercial real estate loans provide for one or more guaranties in addition to a mortgage on the real property. These may include a full guaranty of repayment of the debt, a “carry” guaranty in respect of payment of interest and property operating expenses, a completion guaranty in respect of construction, and, almost universally, a guaranty of non-recourse carveouts. Scott A.