Imagine that you are a borrower on a major commercial real estate project. Your project has plenty of equity but cash flow is tight. Despite the tough economy, you manage to hold on. As things get worse, the designated special servicer on your loan invites you to miss a payment so they can get involved […]
It’s TIC Season And The Government Is Biting Back
by Brian Mahany We represent dozens of tenants in common – TICs – across the United States. While TICs and like kind exchanges are a legitimate way of investing in real estate, several large TIC promoters have marred the reputation of the industry. This week the government responded with several indictments against the top executives […]
Dispatch from Rabbit Hash, Kentucky (Carlton Cabot Fraud Post)
by Brian Mahany I am writing this post from a picnic table on the banks of the Ohio River in Rabbit Hash (Boone County), Kentucky. A few minutes ago I left the Boone County Courthouse after fighting to protect the interests of two dozen families, many of them senior citizens who have been defrauded of […]