Commercial real estate financing can be complicated as it incorporates various financing structures, lenders, loans, and borrower and investor needs, and goals, not to mention the continually shifting market trends and lending requirements. In today’s economy, you need an experienced real estate attorney to know that you are getting the most out of your real estate finance structures and negotiations.
Our real estate attorneys at Moschetti Law Group have experience in all facets of real estate finance, and our Managing Partner even holds an MBA and has additional expertise as a commercial real estate broker and financial analyst. We have represented lenders, borrowers, and investors, and you can trust that we truly keep your interests at the heart of every document we draft or review. Contact us today to schedule a no-obligation strategy session to discuss your real estate financing.
Our expertise includes structuring, negotiating, documenting, and closing:
Conventional real estate loans are any loans offered by a private lender. These usually have higher fixed interest rates than loans provided by the government. These loans generally require the borrower to have a very high credit score and low debt-to-income ratio. For commercial real estate loans, lenders look for a loan to value ratio of 75-80% or a debt service coverage ratio of greater than 1 (meaning that your business will be able to pay its annual debt expenses after taking on this loan). You may also be required to make a personal guarantee on the loan, making you personally liable for payments should your business be unable to support them. These loans also have conditions on their repayment schedules and typically do not let you pay them off early without penalty. Moschetti Law Group successfully helps businesses find the best conventional loan option for their situation and ensuring that you understand the fine print and how it affects your bottom line before you sign.