Commercial Loan
Commercial lending is an important part of the lifeblood of the American economy. The relationship between commercial borrowers and lenders has long been an important part of the practice of commercial real estate lawyers, who assist both lenders and borrowers in all stages of the process. These stages include the preparation of loan applications; special attention to be paid to the loan application and commitment process for construction loans; the performance of due diligence tasks including such items as title and survey reviews and environmental investigations; the satisfaction of loan application contingencies; preparation and review of the promissory note, security documents and various other loan closing documents; the negotiation of attorney’s opinion letters, and the closing of the loan, including dealing with title insurance companies and the negotiation of title insurance coverages.
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March 30, 2010
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Related Information
Articles
- Ethical Lending: What's Good for the Goose is Good for the Gander
- Real Property Lender Security, Lease, and Other Downside Concerns
- Top 7 Reasons The Conforming Loan Limits Need To Be Increased Permanently