Financing a commercial real estate transaction is complicated and is often handled through private parties or lenders. Properly handling the creation of a loan is vital to closing a purchase, and a mistake can delay a transaction or even cause it to fall through altogether. Preparing a loan agreement, and ensuring that all of its terms fit the situation, can be crucial. Retaining an experienced attorney can be an important step towards ensuring that such matters are handled correctly. Vivid Niroula is a Oklahoma commercial real estate lawyer who assists lenders and borrowers with all aspects of a financing agreement. He prides himself on providing the highest level of service to each and every client he serves. If you need assistance then contact us online or by telephone for an initial consultation.
OKC attorney assisting with the drafting and review of commercial property lending agreements
A financing agreement is a crucial part of acquiring a property. The document will spell out payment terms, conditions which must be met prior to the loan funding, the interest rate, whether a personal guarantee is involved, whether the property will serve as collateral for the loan, and conditions which must be met before the loan can close. Importantly, the agreement will also contain provisions regarding what constitutes default and the borrower’s ability to defer payments and/or cure a default without foreclosure. Having a properly drafted agreement helps to prevent a real estate transaction from falling through. It can also help to prevent unforeseen issues between the lender and the borrower which can lead to future litigation.
Vivid Niroula is an OKC attorney who assists both lenders and borrowers with drafting and reviewing commercial property financing agreements. At your initial consultation, Vivid will begin analyzing necessary documents and will gain an understanding of your overall situation. He will analyze issues such as the structure of the entity which is taking out the loan (such as an LLC, a C Corporation, etc.), and will discuss the terms of the transaction with you. Vivid will draft an agreement which fully protects your interests or, if the other side has prepared an agreement, he will fully review the document and redline it with suggested changes. Vivid is able to assist with promissory notes, deeds of trust, private mortgages, and more. It is our goal to assist you with every aspect of the transaction and we understand that making or securing a loan is a vital first step. Contact us online or by telephone today to schedule an initial consultation.
In addition to Oklahoma City, we also assist individuals in Edmond, Norman, Mustang, Nichols Hills, Yukon, El Reno, Shawnee, Chandler, Stillwater, and throughout the rest of the state.
Commercial real estate lawyer assisting with financing agreements and other aspects of transactions
Financing is an aspect of commercial real estate which tends to have several moving parts. This is why our attorney coordinates with lenders and their attorneys to exchange documents and meet all deadlines. Importantly, Vivid will assist with any necessary modifications, extensions, or renegotiations. He also assists with other aspects of the transaction. This includes identifying document problems or other issues (such as zoning) which may prevent the deal from closing, and more. Our office is also able to assist with negotiating real estate sales, drafting purchase and sale agreements, creating a joint venture, and negotiating the sale or restructuring of distressed properties.
