1987

Type

PLR

Subject

2.02 - Interest

Keywords

Joint Ventures

Interest in JV as Security for a Loan

Loans Secured by Partnership Interest

Obligations Secured by Real Property

Partnership Interest, Loan Secured by

Partnerships

Partnership Interest as a Security for a Loan

Real Estate Asset

Loan Secured by P/Ship Interest

Year

1987

Summary

In two rulings, the IRS holds that a loan secured by an interest in a joint venture related to real property constitutes a "real estate asset" for purposes of the 75% asset test.

Title

8708072

Guidance Tags

PLR - 8708072

Referenced By

N/A

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