On a Synd loan with Borrowers A & B, any lender liability that agreement were signed after B became a Sub of A?

Aug 08, 2009 in Commercial Mortgage FAQ

Commercial Syndication Loan – Any possible Lender Liability caused by signed with two Borrowers. And actually it was one Borrower and one Subsidiary status?

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3 comments

STEVEN F on August 8, 2009 at 7:15 pm

You need to clarify your question. What actually happened?
patience77 on August 8, 2009 at 7:15 pm

When you sign an agreement,Whoever signed the agreement is liable for paying the lender back. It does not matter when it was signed, it matters who had signed it. A or B and if both did they are both liable.
capitalfin2 on August 8, 2009 at 7:15 pm

Your question is not clear. If there is no change in assets/liabilities/legal responsibilities; the chance of lender liability is small.

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