Establishing and Maintaining Lien Priority (Commercial Real Estate Loans) (PA) | Practical Law

Establishing and Maintaining Lien Priority (Commercial Real Estate Loans) (PA) | Practical Law

A Practice Note discussing how to establish a first priority commercial mortgage lien in Pennsylvania and protect against losing priority during the loan term. This Note provides an overview of Pennsylvania lien priority law and describes steps the lender's counsel should take to ensure first priority of the mortgage at closing and prevent other liens from attaching and priming the mortgage after closing, including tips for document drafting.

Establishing and Maintaining Lien Priority (Commercial Real Estate Loans) (PA)

Practical Law Practice Note w-025-3588 (Approx. 20 pages)

Establishing and Maintaining Lien Priority (Commercial Real Estate Loans) (PA)

by Practical Law Real Estate
MaintainedPennsylvania
A Practice Note discussing how to establish a first priority commercial mortgage lien in Pennsylvania and protect against losing priority during the loan term. This Note provides an overview of Pennsylvania lien priority law and describes steps the lender's counsel should take to ensure first priority of the mortgage at closing and prevent other liens from attaching and priming the mortgage after closing, including tips for document drafting.