Commercial Real Estate Lending
Why You Need a Lawyer for Commercial Real Estate Lending in Boston
Commercial real estate banking and lending can be a complicated matter. Working with a lawyer can help ensure that you have the legal guidance and support you need to make informed decisions and protect your interests when applying for a commercial real estate loan. At Lipresti Law, we have a team of expert attorneys with years of experience in commercial real estate banking and we’re available to provide quality counsel in the Greater Boston area.
What is commercial real estate banking?
Commercial real estate banking is a specialized area of banking that focuses on providing financing and other lending services to commercial real estate owners and developers. This includes financing for the purchase, development, construction or refinancing of commercial real estate properties.
What types of properties are considered commercial real estate?
Commercial real estate in Worcester includes any property that is used for business or investment purposes. Examples of these properties can include office buildings, retail spaces, industrial properties, hotels, and multifamily residential properties.
What types of lending is available for commercial real estate in Cambridge?
There are several types of loans available for commercial real estate. The most common include commercial mortgages (both owner-occupied and income-producing), construction loans, bridge loans, cash flow lenders and equity lenders.
How do commercial real estate loans differ from residential mortgages?
Commercial real estate loans typically have higher interest rates and shorter repayment terms than residential mortgages. A commercial real estate loan may also require a larger down payment and stricter criteria since commercial properties are generally considered riskier investments than residential properties. Having an attorney from Lipresti Law to help work through the fine print of commercial real estate lending can help you and your Worcester business attain a loan that is right for you.
How do lenders evaluate commercial real estate loan applications?
Lenders evaluate commercial real estate loan applications based on a variety of factors, including the borrower's credit history, the property's cash flow and profitability, and the borrower's experience and track record in managing commercial real estate properties. We can help you position yourself in the best way possible when applying for your commercial real estate loan in Boston.
What are the benefits of working with a lawyer on your commercial real estate loan?
An attorney can help review necessary documents before close, like the title and title insurance, to ensure you're protected throughout the process. A good lawyer can also help you in negotiations. It’s imperative to have deep knowledge of the rules and regulations in this space. The lawyers at Lipresti Law can make sure your assets are protected.
Get a Lawyer’s Help with Commercial Real Estate Lending
If you’re ready to take the next step in your commercial real estate journey, reach out to us at Lipresti Law today. When it comes to legal documentation, understanding zoning laws, qualifying inspections, or negotiating terms, we can help! Give us a call today to get started.