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- Title
Real Estate & Passthrough Planning Corner.
- Authors
Tucker, Stefan F.; Lencz, Norman; Masterson, Brian S.
- Abstract
The article informs about discharged tax treatment of mezzanine debt following foreclosure on senior loan. A recent issue is encountered from a perspective of borrower, regarding the federal income tax consequences because of the foreclosure on a secured senior loan by underwater real estate. The mezzanine leader didn't foreclose upon membership interest because it would be economically pointless after the transfer of real estate to the senior lender pursuant to foreclosure sale.
- Subjects
REAL estate investment trusts; FORECLOSURE; LOAN agreements; MONEYLENDERS; DEBT; INCOME tax laws; REAL property
- Publication
Journal of Passthrough Entities, 2012, Vol 15, Issue 3, p27
- ISSN
1099-7407
- Publication type
Article