Frequently Asked Questions Regarding B-Note Holder Consent and Consultation Rights

March 16, 2009
The credit market crisis and continued deterioration of commercial real estate have significantly increased the number of distressed commercial real estate loans. In this environment, it is critical for B-Note Holders to have a clear understanding of their legal rights. This update, the first in a series on the ownership of B-Notes in A/B Loans that have been securitized, discusses the consent and consultation rights of a B-Note Holder with respect to an A/B Loan.