Banking and Finance
Commercial lending and financing transactions may often be quite complex. Our attorneys have extensive experience 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 any transaction. A commitment letter is a binding agreement between the parties and provides a roadmap for the transaction. Accordingly, it is one of the most important loan documents and should contain all of the material terms and conditions of the transaction.
We are also skilled in the preparation and review of other loan documents that are required for a loan transaction, including 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 also have significant experience in advising lenders in the area of secured transactions and the perfection of security interests in all different types of collateral.
Our firm 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 financings
- Hotel loans
- Agricultural loans
- International bank transactions
- Government contracts transactions
- Revenue bond financings
- Automobile and manufactured housing credit facilities for manufacturers and dealers
- Time share financings
- Municipal lease financings
- Aircraft financings
- Yacht financings
With years of experience representing both lenders and borrowers, our attorneys look forward to the opportunity to assist you in connection with any type of commercial loan or financing transaction.
MichieHamlett | Charlottesville, Virginia Commercial Litigation Attorneys
If you are involved in an ongoing real estate or other business transaction involving banking and finance, do not hesitate to contact the attorneys of MichieHamlett. Our attorneys have decades of experience in handling business and real estate issues relating to banking and finances. Many attorneys are skilled in business transactions as well as real estate transactions, but are not aware of the banking and financial repercussions of these actions. Our attorneys are experienced in both business law as well as banking and finance, and can apply these different legal skills to your unique legal issues.