Borrower Beware of Funding Reserves

Lending is a very competitive market today. When a lender presents a term sheet, it is very important to scrutinize all of the salient terms. How reserves are to be funded and held can change the dynamics of the transaction.

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One of the most overlooked components of a real estate transaction is what happens when the ink dries on the stack of documents everyone signed during the closing, but funds are not immediately available. Buyers typically think they get keys right away upon signing. But before they can get the keys […]

Commercial real estate transactions come in many “flavors” – each with its own particular strategies and objectives. Prudent buyers and sellers need to decide early on, sometimes even before they have an attorney involved, on what form to use. If you are not going to have an attorney draft the […]

In Can Financial LLC vs. Niklewicz, Case No. 4D19-3668 (Fla. 4th DCA 2020), Jack Niklewicz thought he was buying his dream home for a significant discount. Instead, he purchased a nightmare because he neglected to perform any due diligence before buying the property at a foreclosure auction. Can Financial LLC […]