Financing Agreements

Commercial Real Estate Financing Attorneys

Due to the complexities associated with real estate, finance, and banking laws, obtaining financing for commercial real estate transactions can be extremely difficult. At Sosin, Arnold & Schoenbeck Ltd., we realize that it is important to structure your financing agreements in a manner that protects your interests and limits unnecessary risks. Our skilled attorneys provide trusted guidance and assistance with all types of real estate financing agreements.

At Sosin, Arnold & Schoenbeck Ltd., our accomplished attorneys have more than 100 years of combined legal experience, and we recognize the importance of developing close working relationships with our clients. By taking the time to get to know you and to understand your values and goals, we can develop a strategy for getting you the funding you need for your next acquisition. Our personalized approach has earned us a reputation for exceptional client service in our areas of practice.

Negotiating Favorable Loan Terms

When you need financing for the purchase of commercial property, the process of obtaining the money can be challenging. Our attorneys are adept at reviewing loan proposals and documents, as well as negotiating terms and provisions designed to address your needs and concerns. We will ensure that you understand all of the details, including non-recourse clauses and "bad-boy" provisions that could potentially affect your personal liability. It is also crucial for you to be aware of your rights in a default situation, and we will provide the guidance you need along the way.

Client-Centered Financing Solutions

At Sosin, Arnold & Schoenbeck Ltd., our experienced attorneys handle a wide variety of financing agreements and situations, including:

• Acquisition and development loans: A&D loans are commonly used to buy property and improve or develop the property. They frequently require consideration of zoning and land-use issues, easements, and government incentive programs, and are commonly used by real estate developers to fund new and ongoing projects;
• Construction loans: Construction loans are similar to A&D loans, except that the land itself is not part the transaction in question. Obtaining a construction loan requires a careful analysis of the anticipated success of the commercial property and adherence to a strict timeline.
• Mezzanine loans or bridge loans: Mezzanine loans and bridge loans are both short-term loans that serve somewhat different purposes. A bridge loan is commonly used to span the gap between selling a property and purchasing another, while a mezzanine loan is often utilized for additional financing for a project that has already been started. Mezzanine and bridge loans require substantial documentation and skilled legal counsel. Mezzanine loans are particularly complex, as the owner may be required to offer part of his or her company as collateral.

Experienced Real Estate Lawyers Working for You

At Sosin, Arnold & Schoenbeck Ltd., we know that negotiating and drafting a workable financing agreement is often a significant part of any commercial real estate deal. Contact our office to learn more. Call 708-448-8141 for an appointment.