Commercial Real Estate Financing
Mary B. Meaden Esq.
June 19, 2008
Commercial Real Estate financing is essential for individuals, developers, and large retail and hotel institutions. It is likely that any one or more of these entities will venture into commercial real estate financing at many different points in the existence of the entity, and commercial lenders will see the same faces emerge again and again over the lifetime of the enterprise, whether they request a term loan for the financing of an already existing property with improvements which have already been built, a construction loan to finance the construction of the improvements on raw land, or a bridge loan as a means of securing temporary financing until a later date not too distant in the future. Amendments to any or all of these loans can take place at any time during the existence of the Loan term, depending upon the credit situation and needs of the borrowers, and these amendments can run the gamut of an extremely simple extension of a maturity date in a note to give the borrower more time to pay off a loan to a complete restructuring of the Loan terms, whether it be a substitution of borrowers, a substitution in the structures of repayment of the Loan, or a combination of any or all of the above. As a commercial real estate lender, borrower, or counsel for either the lender or borrower, it is crucial to know the steps in the process from documenting the loan to the final closing process.
