Menu

Real Estate Attorney Scott Miller Quoted in New York Times Article: “Worried Lenders Pounce on Landlords Unable to Pay Their Loans”

Institutional Investment and Finance   |   Lending   |   Banking, Commercial, and Consumer Finance   |   Real Estate   |   August 13, 2020

Carlton Fields real estate Shareholder H. Scott Miller was quoted in a New York Times article, “Worried Lenders Pounce on Landlords Unable to Pay Their Loans,” on the trend of real estate investors taking property owners to court over missed interest payments.

The pandemic has thrust property owners into financial hardship, and many aren’t able to afford interest payments. Investors in the mezzanine finance market are showing impatience, and suing the property owners to protect their own financial interests during this difficult time.

Lawyers and lenders predict that these types of proceedings may become more common as the coronavirus continues.

“When this all started in March, the first reaction was this was temporary and let’s just see how this plays out,” said Miller. “But we’re getting to the point where people are saying, ‘How much longer can this continue?’ This just can’t be open-ended.”

Read the article.

Subscribe to Publications

Media Inquiries

Kate Barth

Kate Barth

Senior Public Relations Manager

813.229.4154

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.