Construction Loans Gone Bad
In January, I posted about a recent decision from the California Court of Appeal (Fourth District in Riverside), California Bank & Trust v. Del Ponti, which addressed the limits of guarantor waivers in the context of a defaulted construction loan.
That same Court of Appeal decision also illustrated the ways in which construction loan duties and liabilities can shift when a construction lender steps outside the conventional role of lender, and “steps into the shoes of the developer.” I had the privilege of posting on this second aspect of the Del Ponti decision on my partner Garret Murai’s acclaimed California Construction Law Blog.
A link to my post: “When a Construction Lender Steps into the Shoes of the Developer, the Door is Open for Claims by the General Contractor” is here. Enjoy!