Spring Training The smell of fresh cut grass is in the air, flowers are beginning to bloom on the trees, and major league baseball teams are descending upon Arizona for spring training. Just as Arizonans and visitors are thinking about getting tickets for the first baseball games of the season, it is a great time … More Spring Training
We Provide Arizona Attorney Opinion Letters Stein Law is thrilled to announce the launch of its affiliated website, http://www.arizonalegalopinions.com, which is focused on our practice area dedicated to preparing attorney opinion letters for all commercial real estate lending transactions. We charge a flat fee for our attorney opinion letters that are project-based and agreed upon in advance … More We Provide Arizona Attorney Opinion Letters
Guaranteed Waives This Summer Loan guaranties typically contain many express “waivers” by the guarantor for the benefit of the lender. By agreeing to such a waiver, the guarantor releases certain rights that could have otherwise frustrated the lender’s clear path toward recovery if exercised by the guarantor. For example, waivers of notice, presentment and even … More Guaranteed Waives This Summer
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!