Avoiding Lender Liability to Contractors in Construction Loans - McDermott Will & Emery

Avoiding Lender Liability to Contractors in Construction Loans

|

Overview


Jeffrey Steiner and Dino Fazlibegu wrote this bylined article on how commercial mortgage lenders can reduce liability when interacting with contractors. “Given the recent construction boom going on in New York City, commercial mortgage lenders need to be aware of the unique risks associated with making construction loans secured by property located in New York,” they wrote.