I am an entrepreneurial business and real estate attorney and my clients include fellow entrepreneurs and innovative small and medium businesses. Stein Law is a sophisticated boutique practice offering legal services in the areas of: • real estate sales, leasing and development; • business transactions, operating agreements, private offerings and corporate contracts; • entity formation and structuring; • loan financings, workouts and modifications; and • hospitality development, management and licensing matters. We offer the skill and sophistication of firms larger in size without compromising our core values of creativity, flexibility and personal attention.
When You Assume We are seeing a great many multifamily and commercial real estate deals being accomplished in this market involving an assumption of a seller’s existing debt. Obviously, there are added considerations for both the buyer and seller when a property is being conveyed with an existing loan, which need to be taken into … More When You Assume
In My Opinion As a condition for making any kind of commercial real estate loan, lenders require a variety of assurances and representations from the borrower (and other key principals or guarantors) to verify that the borrower has the legal standing and ability to borrow (and payback) the loan. Beyond taking the borrower’s word for it, lenders … More In My Opinion
Practice Point #45: Set the date Oftentimes, critical dates for milestones in commercial real estate agreements are expressed as to-be-determined days keyed off of certain events. For example, in a commercial purchase agreement, it is fairly typical for the expiration date of the due diligence inspection period (with earnest money going hard) to be expressed as … More Set the date
Single and Loving It! Single tenant asset investment properties are a thriving area of the current commercial real estate market. These deals offer the apparent security of an ongoing rental income stream and purchasers perceive that the risk of these investments is more limited than commonly associated with purchasing larger retail centers. One of the … More Single and Loving It!
Duck and Coverage: Understanding Standard vs. Extended Arizona Title Insurance Coverage As a firm that focuses on real estate transactions, we have tried to stress the importance to our clients to not only obtain appropriate title insurance, but to more importantly understand the policy that is being purchased and the covered and uncovered risks. All … More Duck and Coverage: Understanding Standard vs. Extended Arizona Title Insurance Coverage
BOUND INTENTIONS Nearly all commercial real estate transactions first come into being through a letter of intent or “LOI” at the outset of the deal. LOIs typically set forth the basic business terms for a deal, such as the property location, parties, and the purchase price or rental amounts, and may also include some … More BOUND INTENTIONS – COMMERCIAL REAL ESTATE LOIS
Stein Law, PLC is excited to announce that Rebecca C. Goldberg has joined our firm Of Counsel. Rebecca brings with her over ten years of experience in the areas of commercial leasing, real estate and finance transactions to expand and compliment Stein Law’s thriving real estate and corporate transactional practice. For more information please call (480) 889-8948, send an email … More Special Announcement – Stein Law, PLC
LIEN ON ME Like so many apparently simple commercial lease provisions, the devil is in the detail when it comes to the “landlord’s lien” and the important considerations for both landlords and tenants. Arizona law grants commercial landlords a statutory “landlord’s lien” against a tenant’s personal property located on the premises to secure the payment … More LIEN ON ME
A Matter of Representation Commonly commercial real estate Purchase and Sale Agreements contain specific representations and warranties, disclosing certain facts about the parties and the subject property. Obviously, given the liability of either misrepresenting or failing to represent material facts, these “reps & warranties” are often subject to great scrutiny and negotiation. Naturally, Buyers will … More A Matter of Representation
Feeling Committed Commercial real estate buyers using financing to acquire property often find themselves in limbo. Buyers are often required to spend substantial sums chasing a property (and assume a fair amount of risk) before knowing that their lender is absolutely committed to funding. Unfortunately, this market is not kind to financing contingencies (especially when … More Feeling Committed
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