Although the firm has a long history of representing developers, land assemblers, builders and real estate borrowers, we also have also represented various local and regional banks, savings institutions, life insurance companies, financial services companies and mortgage bankers and brokers. In doing so, we typically draft and keep current their loan commitments and documentation and assist their officers in negotiating and finalizing individual commitments, reviewing appropriate due diligence materials and preparing and negotiating loan documents.
Our attorneys understand the institutional lender's low tolerance for risk and the need to identify and eliminate elements of risk during the due diligence process, as well as within the loan documents themselves. We are able to identify and suggest solutions to issues arising from title, survey, land use regulation, contracts, leases and environmental assessments. We are efficient drafters, able to clearly document matters which may need to be addressed outside of the standard loan documentation. Our attorneys are familiar with the requirements of the secondary market and can assist a portfolio lender structure transactions with the flexibility "to go to the market" at a later date if desired. Finally, our attorneys understand the importance of conducting a thorough, detailed and well organized closing process. Our attorneys work with the lender to mutually agree upon the proper staffing of an arrangement to assure thoroughly competent and cost-effective representation.
With market variations, loan products and lending strategies will vary over time; however, we believe a consistent desire of the institutional lender will be the elimination of as much risk in the due diligence process and documentation process as possible. In competitive markets, lenders are also concerned with flexibility, ease of the process and the borrower's sense of value and sensitivity to cost. We appreciate all of these factors and strive to provide the level of service demanded by the particular creditor and to use good judgment in achieving the client's goals.
