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
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!
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
BREAKING NEWS: Arizona’s Newly Expanded Anti Deficiency Protection In a move sure to cause shockwaves in the Arizona mortgage lending community, the Arizona Court of Appeals expanded Arizona Anti Deficiency Protection (under A.R.S. §33-814(G)) to protect borrowers whose property is foreclosed upon even while it is still under construction, so long as they intended to … More BREAKING NEWS: Arizona’s Newly Expanded Anti Deficiency Protection
Playing With Fire Our dear friends at regional banks, commercial lenders and life insurance companies are making new commercial real estate loans. In recent months, Stein Law has closed several new financing transactions. But we have also witnessed a more concerning trend – borrowers getting strung along by lenders or brokers only to be left … More Playing With Fire
Weighing rockbottom prices against potential risk is always a delicate dance. Purchasers of Real Estate Owned (REO) properties are repeatedly told the deals are “as-is” and that the seller will provide only limited (if any) representations and warranties. REO sellers (typically the lender that foreclosed upon the property) posit that they cannot give extensive information … More REO Purchases: Not Taking “As-Is” For An Answer