Reserves are amounts deposited with a lender as security for an obligation expected to occur at a future date, and can serve various functions. This article provides an overview of typical reserves in a real estate finance transaction.
By Livia Li
Associate | Real Estate
Partner | Tax
In the final part of this four-part series, we explore some of the common issues that may arise in limited recourse structures, as well as ways to address or mitigate the risks and costs.
Here is a rundown of some of Cadwalader's recent work on behalf of our clients.