Many of the needs, concerns, motivations, and risks faced by private and hard money real estate lenders are distinct from those involving loans by banks and other institutional lenders. Though borrower creditworthiness is still a concern, a lot also rides on the value of the property being pledged as collateral, as well as clear title and a timely, trouble-free closing. Private lenders require counsel who understands and appreciates the unique nature of their investments and transactions and has the capabilities and resources to protect their interests at the outset, throughout the life of the loan, and in the event of borrower default.
At Farshchian Law, P.A., we have extensive experience delivering personalized, tailored representation for private and hard money lenders throughout the State of Florida. Our services focus on thoroughness, timeliness, and efficiency, balancing the need for comprehensive due diligence and documentation with the goal of closing a transaction quickly and without impediments that could needlessly delay or threaten a deal. We accomplish these complementary objectives through a combination of sophisticated, seasoned real estate counsel and the seamlessly integrated resources of an established, full-service title company.
Counsel Tailored to The Needs of Private & Hard Money Lenders
We work closely with our private lending clients to put in place the structures and documents needed to facilitate and protect the value of their investment. Our industry-leading representation includes drafting and negotiating complete loan packages and ancillary documentation, including:
- Promissory Notes
- Personal Guarantees
- Loan Agreements
- Assignments of Leases, Rents, and Profits
- Insurance Coverage Agreements
- Anti-Coercion Statements
- Non Owner-Occupied Affidavits
- No-Lien Affidavits
- Modifications, Extensions, and Forbearance Agreements
We also help our clients select and form legal business structures for their lending needs, including limited liability companies (LLCs) and corporations.
Closing & Title Services
Farshchian Law’s comprehensive title and closing services for private and hard money lenders allow us to identify and resolve title issues that could interfere with closing or impair the property’s value and transferability. Our attorneys and title experts conduct thorough title searches, reviewing liens, mortgages, judgments, tax documents, and other encumbrances or other potential title defects. As part of our comprehensive title and closing services, we also issue lender’s title insurance policies to private and hard money lenders. We are an approved agent of the Attorneys’ Title Fund Services, LLC/Old Republic Title Insurance Company, one of Florida’s largest and most trusted title insurance underwriters.
Our attorneys have closed countless private and hard money transactions throughout Florida, emphasizing the speed and service private lenders expect and the thorough due diligence they need to proceed with confidence and security.
In the event of a distressed or non-performing loan, we leverage our extensive involvement in loan workouts, loss mitigation, foreclosures, and bankruptcy proceedings to protect lenders and help them realize the maximum amount for the mortgaged property.
An extensive network of private and hard money lenders regularly turn to Farshchian Law for exceptional legal representation and comprehensive title and closing services. They do so because they know that our deep roots in the Florida real estate market, our experience in the private lending space, and our commitment to outstanding client service make us particularly well-suited to their needs.
Contact Us Today
Please call us at (800) 604-1871 or email us at Info@JFRealEstateLaw.com to learn more about our private and hard money lending services, and explore how we can help you achieve your real estate objectives. We provide lender representation, closing and title services throughout the entire State of Florida.