COVID-19 impacts Mezzanine Loan UCC Foreclosures - Real Estate
It seems mezzanine debt UCC foreclosure is impacted by Covid-19. Here is the article: https://news.bloombergtax.com/financial-accounting/insight-ucc-foreclosures-mezzanine-loans-and-covid-19-what-is-commercially-reasonable-in-a-pandemic I wonder how this will impact debt investing, paticularly investing in mezzanine debt. Here is a recent article about UCC forclosure auction on a junior mezzanine loan of a development site in Brooklyn. https://commercialobserver.com/2020/09/bluestone-group-triggers-ucc-foreclosure-on-williamsburg-development-site/?utm_campaign=daily-roundup&utm_content=2020-22-09-21569258&utm_source=Sailthru&utm_medium=email&utm_term=CO%20Daily%20Newsletter