{"title":"Single-purpose entities in US real estate transactions: are they worth the hassle?","authors":"William C. Seligman","doi":"10.1002/bref.136","DOIUrl":null,"url":null,"abstract":"<p>Single-purpose entities are commonly required by lenders in commercial real estate financings in the USA. This paper will review the risks against which protection is sought through the single-purpose entity structure, the elements of a ‘single-purpose entity’ and a ‘bankruptcy-remote’ entity, common objections of owners and investors to using these structures, and some key holdings of US courts in this area. Copyright © 2005 Henry Stewart Publications</p>","PeriodicalId":100200,"journal":{"name":"Briefings in Real Estate Finance","volume":"4 3","pages":"231-241"},"PeriodicalIF":0.0000,"publicationDate":"2006-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1002/bref.136","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Briefings in Real Estate Finance","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bref.136","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
Single-purpose entities are commonly required by lenders in commercial real estate financings in the USA. This paper will review the risks against which protection is sought through the single-purpose entity structure, the elements of a ‘single-purpose entity’ and a ‘bankruptcy-remote’ entity, common objections of owners and investors to using these structures, and some key holdings of US courts in this area. Copyright © 2005 Henry Stewart Publications
美国房地产交易中的单一目的实体:值得这么麻烦吗?
在美国商业房地产融资中,贷款人通常要求单一目的实体。本文将回顾通过单一目的实体结构寻求保护的风险,“单一目的实体”和“远程破产”实体的要素,所有者和投资者对使用这些结构的常见反对意见,以及美国法院在这一领域的一些关键主张。版权所有©2005 Henry Stewart Publications
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