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Jeopardy Question: Rates and Leaves -- Answer: What Are Things That Are Dropping?
September 30, 2024
Senior Counsel | Real Estate
Associate | Real Estate

As part of an effort to combat money laundering in United States residential real estate transactions, the Financial Crimes Enforcement Network bureau of the United States Department of the Treasury (“FinCEN”) issued a final rule on August 29, 2024 creating reporting requirements for certain persons involved in non-financed transfers of residential real property (the “Rule”).  The Rule will be effective as of December 1, 2025 (the “Effective Date”).  The Rule was issued after FinCEN solicited feedback to the proposed rule that it issued on February 16, 2024 (the “Proposed Rule”), which we summarized in a prior article.  In addition to the discussion of the Rule below, we have also highlighted changes between the Proposed Rule and the Rule.

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We’re very excited to share details of the commercial real estate agenda and speakers for Cadwalader’s 8th Annual Finance Forum on Wednesday, October 23, in Charlotte. 

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On September 24, Cadwalader celebrated the reopening of our renovated headquarters at 200 Liberty Street in Lower Manhattan.

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Cadwalader’s real estate group represented a syndicate of nine lenders through two separate mortgage loan financings in the aggregate amount of $4 billion.

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Key Contacts

Steven M. Herman
Senior Counsel
T. +1 212 504 6054
steven.herman@cwt.com

Fredric L. Altschuler
Senior Counsel
T. +1 212 504 6525
fredric.altschuler@cwt.com

Nicholas E. Brandfon
Partner
T. +1 212 504 6039
nicholas.brandfon@cwt.com

Holly Marcille Chamberlain
Partner
T. +1 704 348 5121
holly.chamberlain@cwt.com

Christopher J. Dickson
Partner
T. +1 704 348 5159
christopher.dickson@cwt.com

Melissa C. Hinkle
Partner
T. +1 212 504 6972
melissa.hinkle@cwt.com

Alan W. Lawrence
Partner
T. +1 212 504 6332
alan.lawrence@cwt.com

Bonnie A. Neuman
Partner
T. +1 212 504 5625
bonnie.neuman@cwt.com

Matthew Robertson
Partner
T. +1 704 348 5257
matthew.robertson@cwt.com

Kevin Sholette
Partner
T. +1 704 348 5311
kevin.sholette@cwt.com

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