A407 — Requires the recording of mezzanine debt and preferred equity investments and includes mezzanine debt in the mortgage recording tax

A407 — Requires the recording of mezzanine debt and preferred equity investments and includes mezzanine debt in the mortgage recording tax · Informed CitizenryThis bill amends the Real Property Law, the Uniform Commercial Code, and the Tax Law to require the recording of mezzanine debt and preferred equity investments when a mortgage instrument is filed.…Open in Informed Citizenry