New, Improved Rules For 'High Volatility' Real Estate Loans
Law360 (June 26, 2018, 2:24 PM EDT) -- On May 24, 2018, President Donald Trump signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act, which reformed the widely unpopular rules relating to high volatility commercial real estate, or HVCRE, loans. Below is a brief summary of some of the key changes to the HVCRE rules that will impact lending practices with respect to acquisition, development and construction loans.
Equity is No Longer Unreasonably Trapped in the Project
Previously: All contributed capital, including all internally generated capital, had to remain in the project. The previous rules trapped any capital a borrower contributed to the project, even if...
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