"Must reading for anyone who handles substantial commercial mortgage loans in New York." Jonathan Mechanic, chair of the real estate department at Fried, Frank, Harris, Shriver & Jacobson

"..a generally useful book, and one that I will frequently turn to." Roger Bernhardt, Professor of Law, Golden Gate; Editor of the California Real Property Law Reporter Written by Joshua Stein of Latham & Watkins LLP, one of the foremost practitioners of commercial mortgage law in New York State and the country, Stein on New York Commercial Mortgage Transactions provides the trenchant analysis and practical guidance that busy commercial real estate attorneys need every day.

Comprehensive in scope, this one-volume guide explores the full range of legal issues unique to New York commercial mortgages, including four chapters devoted just to the mortgage recording tax (with emphasis on the myriad problems and issues it creates for closings), title insurance, construction loans and the New York Lien Law, rental income and leases, defaults and acceleration, foreclosure and other remedies, New York choice of law and forum, usury, and lost notes. Other chapters address the closing process and language that needs to appear in every New York mortgage, with complete explanations.

Stein on New York Commercial Mortgage Transactions is extensively supplemented with sample language, model documents, and legal checklists that are essential to help avoid the many pitfalls in this area of the law, whether you are representing the borrower or the lender. The book also includes a statutory supplement with all relevant excerpts of the statutes commercial mortgage practitioners need to know about, all presented in a practical and user-friendly format.

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