Preparing a financial plan requires attorney insight and guidance.
When seeking financing for commercial real estate, it is not good enough to simply show up with a copy of the purchase and sale agreement. Whether you go to a bank, a private investor or a joint venture partner, you will need a comprehensive plan that not only includes your financing request, but also shows how you intend to repay the financing.
DIFFICULTY FINDING FINANCING
Commercial real estate investors understand that finding an investor who is willing to invest hundreds of thousands, and in some cases, millions of dollars for commercial real estate is never an easy process. The more information you have available when seeking financing, the more likely you are to find a willing partner.
At Solomon Richman P.C., we will work with real estate buyers to ensure they have a comprehensive package to present to investors. We will work with you to prepare the necessary financial documents, financing proposals, tax return documents and anything else necessary to put a comprehensive plan in front of investors.
WORKING WITH YOUR SELLER
In addition to helping you create a financing package, we will also help you with the negotiation process with the property seller. We understand that in most cases sellers are anxious for a deal to be completed, but they also understand the challenges you may be facing. We will ensure the seller understands what steps are being taken to help secure financing.
SERVING AS YOUR ADVOCATE
Lender negotiations should never be undertaken lightly. It is important to keep in mind that when working with any type of financial institution, that institution will always have an attorney by their side. You also should have solid legal counsel at your side. That is why it makes sense to contact Solomon Richman P.C. to assist you with all the negotiations required for commercial real estate financing.
Once negotiations with a lender or investor are complete, we can help prepare all of the necessary documents as well as review all lender documents. Loan documents often contain legal verbiage that is not commonly used and can cause a great deal of confusion. At Solomon Richman, P.C. we will take the time to ensure you understand what you are signing, and what it means for the long-term.
WHEN IT IS TIME FOR CLOSING
Once all financing has been secured and the contracts have been agreed upon, you will need someone to represent you at the time of closing. Solomon Richman, P.C. is fully prepared to serve as your advocate when it is time to sign all closing documents. In addition, we can assist with filing all the necessary legal documents after the closing has been completed.
If you are searching for financing options and are not certain that your financial package is as complete as potential lenders and investors would like to see, contact Solomon Richman, P.C. at (516) 437-6443 and schedule a consultation with one of our commercial real estate financing attorneys. We can help you through the entire process of commercial real estate financing including reviewing or preparing the necessary financing packages, right up through the closing.