Loan Refinance

We represented our national bank client in a multi-state loan transaction of $42.5M to five related-entity borrowers. The loan was secured by five multi-family apartment complexes located in Ohio, Kentucky and Texas. Our services included preparing and negotiating loan documents which incorporated provisions specific to each jurisdiction. We reviewed title and survey for each property, all due diligence items, and facilitated the closing process with the title company. We were able to handle this multi-state transaction efficiently by using our network of local counsel and state-specific documents.