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11-04-2009, 06:50 AM #1
Renter
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Commercial Modification - IRS Rule Change Opens Floodgates
For those who hold commercial mortgage backed security loans maturing or in distress the recent IRS rule change (proc 2009-45) came will come as a huge relief. Prior to this change servicing companies were not as agreeable to modifying securitized commercial real estate loans. The reason for this was primarily that the investors would incur tax liability. The IRS change eliminated the tax liability and softened the language as relates to what can and cannot be modified under the REMICS rules.
Previously a CMBS (Commercial Mortgage Backed Security) loan would need to beCommercialMortgageInfo.net
http://www.commercialmortgageinfo.net
Commercial Finance & Modification Assistance / Resources
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11-04-2009, 08:56 PM #2
Renter
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I got enough information but expect about property in Spain.
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