Larry Andelsman will be on a panel titled “The State of Private Lending: What Are You Seeing Today“, and the team will also have a booth.
CEMA transactions can reduce refinancing costs in New York, but private lenders must be diligent about following the process.
Long-term rentals have exploded in the private lending space during the last several years. Private lenders entering the New York market who want to be competitive must understand and be able to handle CEMA, a unique regulation pertaining to long-term rental assets. There are no CEMA regulations in other states, and lenders can face unexpected […]
On December 30, 2022, Governor Kathy Hochul signed into law the “Foreclosure Abuse Prevention Act” (§5473). The Foreclosure Abuse Prevention Act (“FAPA”) puts a hard six-year statute of limitations on foreclosure proceedings and controversially will take effect retroactively. FAPA applies to all pending foreclosure actions and will have a drastic impact on certain actions in […]
Andelsman Law is pleased to announce the addition of Ian Axelrod, Esq. to our team of attorneys. Ian has joined the firm as Senior Counsel and will manage the Commercial Real Estate Group. Ian is an accomplished attorney with a primary focus on representing private lenders, financial institutions, investors, developers, and domestic and international high […]
Andelsman Law is honored to have won the Charitable Impact Award at Captivate 2022
The focal point for real estate investors, particularly those new to the business, is to have the ability to have cash available to propel their investment strategy. Private Lenders provide capital and flexibility that strengthen investors’ ability to close deals and grab market share. Establishing relationships with lenders that can fund quickly and that have […]
On December 28, 2020, the New York Senate Special Session was held to consider the COVID-19 Emergency Eviction and Foreclosure Prevention Act. The bill is the most robust to date in terms of extending eviction moratoriums. It is intended to keep New York tenants and property owners in their homes. Also, they are experiencing economic […]
The collective impact of COVID-19 is in a constant state of flux—with the public and private sectors scrambling to adjust for this unprecedented event and implement measures to ensure the continued sustainability of daily operations. This is certainly the case when it comes to the Connecticut real estate market, with ongoing developments taking place concurrently […]
Since the onset of Covid-19, only a handful of commercial banks are still lending on mid-size construction projects in South Florida. As the pandemic swept the nation, South Florida lenders slowed or halted construction financing. This further staunched a development wave that had already begun to ebb. COVID’s impact on brick-and-mortar retail and hospitality brought […]
To say 2020 has been unprecedented would be a dramatic understatement. COVID-19 has created a shift in all aspects of American culture, especially in the real estate market. We are witnessing historical changes on both a global and domestic scale, including the significant socioeconomic impacts the virus has had on New York City. Prior to […]