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Real
Estate Process > Financing
At Schecter Law we handle
transactions across the spectrum of real estate
financing, including, construction, conduit,
mini- perm and permanent financing. We are also
involved in the financing for acquisition and
sales, leasing, syndication, joint venture, and
sale-lease back matters.
It is important to note that commercial real
estate financing is usually comprised of at least
two separate negotiations. The first is the lender’s
commitment letter while the second is concerns
all of the loan documents, including the mortgage,
mortgage note, construction agreement, development
agreement, environmental indemnification, and
numerous other contractual agreements. One of
the biggest mistakes clients make is failing
to have the attorney involved prior to the signing
of the commitment letter. Even though the commitment
letter states that it is subject to certain other
documentation being completed, it is much more
difficult to renegotiate the business terms of
the financing once the commitment letter is signed.
We highly recommend that Schecter Law be involved
early on in the commitment process to protect
our clients’ interests.
The terms of the financing are at least as
important as the terms of the acquisition. We
use our years of experience to assist the Client
in obtaining loan documents from the lender that
fully protect the interests of our clients.
We at Schecter Law are proud that we have been
recognized with an AV Rating from Martindale-Hubbell,
the country’s preeminent lawyer rating
organization. An AV rating means that a firm
has “achieved the highest levels of professional
skill and integrity”. Our AV rating is
based on reviews and comments by members of the
Bar and Judiciary. We are especially gratified
that our AV rating also signifies the honesty
and integrity that characterizes Schecter Law,
P.A.
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