Banking Misconduct Blog

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[Editor’s Note: Our firm typically does not take consumer cases. Our practice is limited to actions where people and businesses have suffered out-of-pocket losses of $5 million or more. We also represent commercial borrowers with mortgage of a similar size or larger. While we do not typically accept consumer cases, we have taken class action cases against lenders. The average consumer……
Our phones have been ringing off the hook. Hotel and mall owners need help. The hospitality and retail industry went into crisis mode virtually overnight. According to Fitch Ratings, 2,600 commercial borrowers have already sought help. And that was in just two weeks of March! We suspect many borrowers were unable to make their April payments. With little end in sight, we think the situation will……
Our phones have been ringing off the hook. Hotel and mall owners need help. The hospitality and retail industry went into crisis mode virtually overnight. According to Fitch Ratings, 2,600 commercial borrowers have already sought help. And that was in just two weeks of March! We suspect many borrowers were unable to make their April payments. With little end in sight, we think the situation will……
As lender liability law firms go, we are one of one of the few that only represent borrowers. Never banks, special servicers or lenders. Our mission is to protect property owners from predatory lenders. Today many borrowers are at risk. The COVID-19 pandemic has everyone in the hospitality industry concerned. After you read what some banks are planning, you will also be angry. Earlier……
Yesterday Goldman Sachs predicted America’s GDP for the 2nd quarter would plunge a breathtaking 24%. Previously, the largest drop in U.S. history occurred in 1958. That was just 10%. Despite all the doom and gloom, both the government and private sector are working together to keep businesses operating and people employed. The exception is LNR Partners, one of the largest CMBS loan……
Yesterday Goldman Sachs predicted America’s GDP for the 2nd quarter would plunge a breathtaking 24%. Previously, the largest drop in U.S. history occurred in 1958. That was just 10%. Despite all the doom and gloom, both the government and private sector are working together to keep businesses operating and people employed. The exception is LNR Partners, one of the largest CMBS loan……
[Editor’s Note: This post originally appeared in September 2014 on our sister site Mahany Law. The post has been rewritten and moved to this site. Important information appears at the end relative to the coronavirus pandemic and its impact on the hospitality industry.] Imagine that you are a borrower on a major commercial real estate project. Your project has plenty of equity, but……
[Editor’s Note: This post originally appeared in September 2014 on our sister site Mahany Law. The post has been rewritten and moved to this site. Important information appears at the end relative to the coronavirus pandemic and its impact on the hospitality industry.] Imagine that you are a borrower on a major commercial real estate project. Your project has plenty of equity, but……
for Hotels, Malls and Other CMBS Borrowers March 15th 2020. The City of Boston closed bars and restaurants in South Boston section of the city. Disney is closed. Colleges have sent students home. Airlines are flying near empty planes. Cruise ships are empty. New York Governor Cuomo created a one mile quarantine “containment zone” in New Rochelle. We are in the midst of spring……
for Hotels, Malls and Other CMBS Borrowers March 15th 2020. The City of Boston closed bars and restaurants in South Boston section of the city. Disney is closed. Colleges have sent students home. Airlines are flying near empty planes. Cruise ships are empty. New York Governor Cuomo created a one mile quarantine “containment zone” in New Rochelle. We are in the midst of spring……