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Banking and Finance in Virginia

Banking and Finance

Commercial lending and financing transactions can be quite complex for many individuals. The attorneys in our commercial services practice have extensive experience in representing both lenders and borrowers in commercial lending transactions.

The commitment letter or term sheet for a commercial loan should be carefully reviewed and negotiated for all transactions. A commitment letter is a binding agreement between the parties and provides a roadmap for the transaction. Therefore, it is one of the most important loan documents and should contain all of the terms and conditions of the transaction.

Our talented team of attorneys are available to aid in the preparation and review of other loan documents required for a loan transaction.  This includes loan agreements, promissory notes, guaranties, deeds of trust, assignments of leases, security agreements, pledge agreements, subordination agreements, borrowing resolutions and the like. An attorney must also frequently arrange for title insurance, surveys, environmental reports, and certificates of public officials pertaining to the good standing or existence of the borrower or a guarantor in order to satisfy a lender’s requirements. In larger transactions, an opinion of the borrower’s counsel may also be required. We have significant experience in advising lenders in the area of secured transactions and the perfection of security interests in all different types of collateral.

MichieHamlett has represented national, regional, and local banks, credit unions and other institutional lenders as well as borrowers in all types of lending and financing transactions. These transactions have included the following:

  • Term loans
  • Revolving and non-revolving lines of credit
  • Construction loans
  • Real estate development loans
  • Asset based lending transactions
  • Golf course and ski resort financing
  • Hotel loans
  • Agricultural loans
  • International bank transactions
  • Government contracts transactions
  • Revenue bond financing
  • Automobile and manufactured housing credit facilities for manufacturers and dealers
  • Time share financing
  • Municipal lease financing
  • Aircraft financing
  • Yacht financing

With years of experience representing both lenders and borrowers, our attorneys look forward to the opportunity to assist you in your banking and finance needs.

MichieHamlett | Charlottesville, Virginia Commercial Litigation Attorneys

Do not hesitate to contact the attorneys of MichieHamlett if you are involved in an ongoing real estate or other business transaction involving banking or finance. Many attorneys are skilled in business and real estate transactions, but are not aware of the banking and financial repercussions of these actions. As a result of decades of experience in both business law as well as banking and finance, our attorneys can apply their portfolio of different legal skills to your unique legal issues.