Pledging & Underwriting Guidelines (Commercial Real Estate ...

ince the credit crisis of 2008, much has been written about the expanding scope of non-recourse carveout guaranties in commercial real estate loans and the manner in which they have been inter - preted and enforced. What began as a mecha-nism for deterring wrongful acts by the project sponsorship (e.g., fraud and misappropriation) ................
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