A commercial real estate transaction can be full of complexities. Without an experienced guide like JM LAW GROUP, you run a substantial risk of losing time, money and becoming entangled in litigation. Our clients come to us when buying or selling apartment complexes, strip centers, commercial buildings, commercial condominiums, motels/hotels, and other types of property. Some of the essential tasks that we execute on behalf of clients who are purchasing, selling, or leasing commercial properties include:
- negotiating the Agreement of Sale
- negotiating and/or reviewing an office or retail lease
- negotiating and/or reviewing any amendments to the Agreement of Sale
- reviewing and explaining the lender’s mortgage commitment, note, mortgage and other loan documentation
- reviewing UCC-1 statements and cross-collateral agreements
- assisting buyers in the “due-diligence” phase of the transaction
- reviewing existing leases
- drafting additional documentation such as Estoppel Certificates
- reviewing the commitment of title insurance
- attending settlement or acting as Power-of-Attorney
- reviewing the settlement sheet to ensure accuracy of all closing costs
- coordinating with the commercial broker, lender and title company
- recovering escrowed funds in the event of a breach of contract
- advising on zoning issues, environmental issues and easements
- advising on local ordinances, liens and other restrictions affecting the property
In these difficult economic times, we are spending a significant amount of energy assisting our commercial real estate clients with loan workouts, short-sales, loan modifications, commercial refinancing and forbearance agreements. We handle all negotiations and communications with your commercial lender in order to restructure your existing loan, so as to allow you to maintain your property and preserve your commercial real estate portfolio.