Abstract

Seeker Company Limited Partnership is considering placing a bid in an auction for a loan secured by an office building at 1800 L Street in Washington, D.C. The all-cash bids are due in just 10 days. While the payments on the loan have been made and the borrower hasn't filed for bankruptcy, the lender has classified the loan as subperforming because of its low debt service coverage ratio. In this case students examine a promissory note, the loan's status and history, and a master-lease agreement before drafting a concise business memo that will address issues such as foreclosure procedure and legal rights.

View research

Citation

Sagalyn, Lynne. The Mortgage for 1800 L Street. Columbia Business School: CaseWorks, September 29, 2009.

Each author name for a Columbia Business School faculty member is linked to a faculty research page, which lists additional publications by that faculty member.

Each topic is linked to an index of publications on that topic.