COVID-19 UPDATE: While our office will remain open to best serve the needs of our clients, we are also offering the ability to meet via telephone or video conferencing. To discuss your options, please call the office.
Our practice closes a number of SBA-backed loans and represents many commercial borrowers who use this federal government-backed program. The two types of SBA loans typically made are either an SBA 7(a) or an SBA 504 loan.The SBA 7(a) is for primarily commercial...
Our office has been privileged to work with many different commercial lenders and loan offices these many years. Most are intelligent, caring people who want you, the client, to receive the best loan terms, and service outcome possible.I think the borrower's first...
What can the Borrower do to make the commercial loan close faster? You cannot control the timing of the appraisal or the preparation of the loan documents in the commercial lending process. However, you can provide the Bank with: 1. A copy of the prior survey....
Competing real estate lien priority was the issue that the Florida Fourth District Court of Appeal recently issued an opinion on in U.S. Bank National Association v. Grant. The question was whether a homeowner's association lien for unpaid assessments has priority...
Most commercial mortgages, and many residential mortgages, contain balloon language. Even though the monthly payments could be based on a fifteen year or longer amortization, the obligation is now due and payable and the outstanding principal balance must be paid in...
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