Dequity: The Blurring of Debt and Equity in Securitized Real Estate Financing
Date of this Version
Berkeley Business Law Journal
This paper explores the legal differentiation of equity and debt in subordinate real estate financing. Various financing vehicles that occupy a gray space between true debt and true equity have replaced traditional asset secured debt lending. This paper investigates the legal rights and responsibilities of parties functioning in the gray area. The goal of this examination is to identify potential conflicts and unforeseen consequences of investments possessing attributes of both equity and debt in the event of default.
Poindexter, G. C. (2005). Dequity: The Blurring of Debt and Equity in Securitized Real Estate Financing. Berkeley Business Law Journal, 2 (2), 235-261. http://dx.doi.org/10.15779/Z381K32
Date Posted: 25 October 2018