California usury law is addressed in multiple places: the California Constitution, statutes, case law, and initiative measures. Due to the patchwork nature of this body of law, differing interpretations and ambiguity are commonplace. In one recent case currently on appeal, the Ninth Circuit has asked the California Supreme Court to clarify California law in order to resolve a split in the federal district courts around the obligation of lenders that are otherwise exempt from California usury limitations to disclose compound interest terms as part of a lending transaction. The determinations of the California Supreme Court are likely to impact existing and future commercial loans governed by California law.
Brandon Barker is an Member in the firm's Los Angeles office. His practice focuses on commercial real estate transactions, including acquisitions, dispositions, financings, leasing and developments of office, industrial, technology, and multifamily projects. Brandon's experience also includes the structuring of joint ventures and transfers of equity interests.