Corporate Transparency Act for Real Estate Borrowers and Lenders: New Federal Reporting Requirements
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will examine the Corporate Transparency Act (CTA) and its implications for real estate borrowers and lenders. The panel will discuss the new reporting requirements imposed on borrowers, how the CTA affects lenders and their AML procedures, and the policy considerations behind the law.
- Basics and policy goals of the Corporate Transparency Act
- Key definitions
- Reporting company: exemptions
- Beneficial owner
- Reporting requirements
- New entities
- Existing entities
- Information required
- Implications for real estate borrowers and lenders
The panel will review these and other questions concerning the CTA:
- What kinds of entities are deemed "reporting companies" and who is considered a "beneficial owner" under the CTA?
- What are the filing requirements for a reporting company that has changed ownership?
- What are the penalties for a borrower who fails to comply with the CTA?
- How might the CTA affect a lender's AML policies and procedures in making real estate loans?
Matthew R. Peurach
Morris Manning & Martin
Mr. Peurach’s practice focuses on structuring commercial real estate transactions, negotiating and drafting... | Read More
Mr. Peurach’s practice focuses on structuring commercial real estate transactions, negotiating and drafting partnership agreements and LLC agreements, documenting equity investments in real estate, as well as structuring private equity funds and other joint venture-related entities predominately focused on real estate investments. As a core component of Mr. Peurach’s general real estate private equity practice, he also regularly advises clients on tax issues associated with real estate and other corporate transactions, including qualified opportunity zone investments, complex like-kind exchanges under Section 1031 of the Code, affordable housing/low income housing tax credits, historic tax credits, energy credits, and mergers and acquisitions of corporate and flow-through entities. He is Chair of the firm’s Opportunity Zones Practice.Close
Andrew J. Weiner
Pillsbury Winthrop Shaw Pittman
Mr. Weiner’s practice is global in scope, with a significant and sustained concentration on transactions in the... | Read More
Mr. Weiner’s practice is global in scope, with a significant and sustained concentration on transactions in the New York metropolitan area. Since 1976, Mr. Weiner has represented domestic and foreign clients in equity and debt transactions, the creation of real estate funds and joint ventures, and transactions involving distressed real estate. His practice has had a significant concentration in the hospitality and real estate investment trust (REIT) sectors, and in leasing. Mr. Weiner’s clients have included funds, family offices, institutional lenders, universities, non-U.S. investors and New York City developers.Close