Real Estate Development Loans
Building developers acquire raw land, improved land, and/or redevelopable property in order to construct building projects. The buildings are then sold entirely or in part to others, or retained as assets to produce cash flow via rents and other means. Some building developers have their own internal departments for designing and constructing buildings (more common among larger developers), while others subcontract these parts of the work to third parties (typical of small developers).
Our Project Finance and Commercial Real Estate attorneys and engineers handle all aspects of complex commercial real estate projects and transactions on the local, regional and national levels. In addition to applying their business acumen and experience in the real estate industry, our development experts take the time to learn the long and short term objectives of each client in order to design and implement strategies that further those broader goals. We provide entrepreneurial, practical solutions to real estate challenges, and we bring a high degree of responsiveness and creativity to every project, as well as the ability to get deals done in a timely and cost-effective fashion. We represent borrowers and lenders in real estate acquisitions, development, financing, and leasing transactions. We structure real estate joint ventures to take advantage of tax and public finance opportunities (such as TIFs and PILOT programs), and we are experienced with conservation easements, preservation issues and historic tax credits. In addition, we provide general corporate, wealth transfer and succession counseling to leaders in the real estate field and we craft legislative solutions where appropriate.