Mortgage Consolidation: Inserts for Creating an Amended, Restated, and Consolidated Mortgage (NY) | Practical Law
Standard Clauses for converting a New York commercial mortgage to an amended, restated, and consolidated mortgage. Commercial mortgages are frequently assigned and consolidated in New York to minimize New York mortgage recording taxes. These Standard Clauses contain integrated drafting notes with important explanations and instructions along with drafting tips for both lenders and borrowers.