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Lenders Modifying Loans: Don’t Lose Your Place in Line!

December 13, 2022

Commercial real estate loans are commonly modified to accommodate changes in circumstances affecting the borrower, the lender, the real property, or the market. In entering modification agreements, lenders must ensure that their priority in the real property or other collateral is not impacted. Check out this practice note for guidance on preserving the lender’s lien priority and tips for drafting and entering into loan modification agreements for non-defaulting commercial loans.

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