Loan Transaction for Construction of a Mixed Use Development
We represented a public bank as the lender in a complex loan transaction for the purposes of constructing a mixed use development within a specially-designated community improvement district (CID) in Missouri. We counseled the lender throughout the transaction, including performing title and survey review and preparing all of the applicable loan documents. Additionally, we also negotiated with several of the construction project contractors, including the architect, to expedite the transaction. In addition to traditional zoning requirements, we also had to ensure the project met the CID requirements before completing the loan, which included additional review of regulations and heightened negotiations with the title insurance company. The transaction was ultimately completed to enable the project to efficiently move forward.