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IMPORTANCE OF SUBORIDINATION OF DEVELOPMENT LOANS TO RESTRICTIVE COVENANTS

IMPORTANCE OF SUBORIDINATION OF DEVELOPMENT LOANS TO RESTRICTIVE COVENANTS By: Eric B. Coleman, Esq. Serious problems can occur if a lender fails to subordinate its development loan to a community‚Äôs restrictive covenants, restrictions, and easements during or prior to development. If the loan goes into default and the lender forecloses, the result can be chaos […]

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