Counsel Peter A. Strauss (Real Estate-New York) wrote an article for the February 2017 issue of Real Estate Finance & Investment titled, “Using a Preferred Mortgage Structure for Cash-Out Refinancings.” In this article, Strauss discusses a non-conventional way to structure a “cash-out” refinancing that will allow savings on title premiums in New York State. He explains that achieving such a savings requires a “recycled entity” rather than a “drop down” and a first mortgage/second mortgage structure rather than a consolidated mortgage.

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View full article, Using a Preferred Mortgage Structure for Cash-Out Refinancings.