We have represented clients on both sides of loan transactions – at times the lender and others the borrower. The nature of a loan agreement involves the loaning of money in exchange for a promise to pay back the loan and some security to try to ensure the repayment occurs. There are many different types of loan agreements, depending on many factors.
– Real Estate Loans for Purchase of Residence
– Real Estate Loans for Purchase of Investment Property
How to Secure the Loan Security. Different types of transactions involve different types of security. For example, for a loan to buy real estate, it is common to pledge the real estate being bought as security through the use of a mortgage. But especially for commercial loans, it is common for the borrower to pledge other assets as security as well, through a cross-collateralization agreement. For a business, it may be necessary to pledge other assets such as inventory or accounts receivable as security to convince the borrower to make the loan.
We prepare and negotiate loan agreements and security for our clients.