Henry M. Fields, Oliver I. Ireland, Jiang Liu, Barbara R. Mendelson, Marc-Alain Galeazzi, and Mark R. Sobin
Financial Services, Real Estate, and Finance
On May 22, 2018, Congress passed a financial regulatory reform bill, S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act” (the “Reform Bill”). Among other things, the Reform Bill clarifies the treatment of acquisition, development, and construction (ADC) loans characterized as high volatility commercial real estate (HVCRE) exposures under the U.S. Basel III capital rules. It is expected that President Trump will soon sign the legislation. This Client Alert provides a summary of how ADC loans will be treated under the Reform Bill once it becomes effective.
Read our client alert.
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