IRS Issues Commercial Real Estate Loan Modifications Guidance

filed under: Commercial Real Estate Market, Real Estate Investment Strategies posted on September 18th, 2009

Today, I was reading an e-newsletter from Reinhart Headlines in Real Estate Law regarding new guidelines Commercial Real Estate Loan Modifications issues by the IRS. I felt this would be of interest to some and thought it worth passing on.

“On September 16, 2009, the Internal Revenue Service issued highly anticipated guidance that will allow some commercial mortgage loans held by Real Estate Mortgage Investment Conduits (REMICS) and investment trusts to be modified prior to default without triggering adverse tax consequences to the holder. This guidance may be of great assistance to borrowers who have conduit financing (securitized loans)…” click to read the full article.

Also for more information the Revenue Procedure 2009-45 is available at: http://www.irs.gov/pub/irs-drop/rp-09-45.pdf

To view Commercial Real Estate & Investment Properties listed by Ark Rhowmine click here.

posted by Ark Rhowmine

This entry was posted on Friday, September 18th, 2009 at 10:05 am and is filed under Commercial Real Estate Market, Real Estate Investment Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.