A new bill seeks to raise money for public housing while bringing more transparency to the world of mezzanine financing. A new state bill introduced by State Senator Julia Salazar and Assemblymember Harvey Epstein would include mezzanine debt in mortgage recording and include such transactions in the mortgage recording tax. The bill defines mezzanine debt as debt carried by the borrower that may be subordinate to the primary lien, or common shares and reported assets
source https://therealdeal.com/2020/01/17/pols-take-aim-at-private-equity-with-new-plan-to-tax-mezz-debt/
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