Minnesota Real Estate Attorneys: Real Estate Secured Financing
Jensen Sondrall & Persellin, P.A. represents lenders and
borrowers in virtually every type of commercial real estate lending
transaction. We have vast experience in large and small, secured a
and unsecured commercial credit facilities. These include
traditional commercial loans, asset based lending agreements,
construction and development loans, leveraged and synthetic
leases, securitization conduits and more exotic forms of structured finance.
We possess extensive expertise regarding the loan market and the
type of structure and documentation expected in that market. We
lend assistance in all phases of a real estate loan transaction,
establishing a structure, assisting in the preparation of an
information memorandum and term sheet, performing due
diligence, and negotiating, documenting and closing the
transaction. We represent many borrowers in transactions as well,
and our lawyers have gained considerable insight from serving as
counsel to both lenders and borrowers.
We have assisted lenders, large and small, in taking virtually every
kind of personal and real property as collateral including accounts,
inventory and equipment, real estate, producing and non-producing
energy properties and credit enhancement vehicles. Our
experience includes all types of loan-related documentation
including guaranty agreements, interest rate option and swap
agreements, subordination agreements, assignments, purchase and
sale agreements, letters of credit and many others.
Our orientation is to finalize a loan transaction in the simplest of
structures consistent with our clients' needs, as expeditiously and
cost-effectively as possible.
- Mortgage Banking and Securitization
We represent mortgage banking institutions in all
aspects of the mortgage banking business and thoroughly
understand mortgage loans. Our lawyers know the
business from the ground up, as we help many loan originators
create, buy and sell loan servicing rights, buy and sell loan
origination businesses, and originate a wide variety of first
lien/single family and commercial/multifamily mortgage loan
products. We advise clients on transactions involving individual
mortgage loans (including whole loan sale, participation and pass-through transactions),
as well as a wide range of mortgage loan securitization programs.
- Lender Workouts and Foreclosure
We often represent lenders as secured creditors in loan workouts
and restructurings, and foreclosures. When our lawyers are
involved in transactions from the start, we can build maximum
creditor protection into the loan documentation. If reorganization
or liquidation of a debtor becomes necessary, we pursue the action
best suited to recover our client's investment. We take a flexible
approach to collateral recovery, advising banks on distressed asset
sales or on becoming lenders to, or securing assets from, the
debtor-in-possession. But if foreclosure litigation is
necessary, we do everything possible to secure maximum collateral recovery.
Jensen Sondrall & Persellin, P.A. represents homeowners
and developers in reviewing construction loan documents,
corporate documents, and their liability in a loan transaction. We
provide experienced advice and ways to improve their ability to
reduce liability and also obtain a cost effective loan. We will
review all aspects of the transaction and will even represent the
borrower at closing.
Workout and Foreclosure Representation
Sometimes developers, builders, and homeowners are not able to
make their loan payments due harsh economic times or because of
the nature of their business. Many lenders would rather work with
borrower's attorneys in negotiating creative solutions to the
borrower's credit crunch. Jensen Sondrall & Persellin, P.A.
will help the borrower in negotiating with lenders to improve
their loan status and their position in tough times.