Fantastic News! Your Purchase Client Has Been “Cleared to Close” By Their Lender. Not So Fast.
A Case Study in How to Avoid Disaster. The seminal moment in any real estate transaction is when the purchaser has been cleared to close by their lender, thereby removing, in most transactions, the last bar on the way to a successful closing. However, just because the lender has issued a clear to close letter,…Read More
Fornaro Law approaches commercial real estate transactions from a business perspective, drawing on past issues – and techniques to address them – from numerous commercial real estate clients.
As a commercial tenant with an ongoing business, imagine that your lease is about to expire, but you have the option to extend the term per the terms of the lease for an additional five-year term. As options generally go, you must provide a written notice to the landlord 90 days prior to the expiration…Read More
While Fornaro Law is not a bank or a lender, it has represented banks and represented private lenders and has various institutions in its network that can help work with our clients.
One of our clients was working with a bank that had become hostile to him and was making it difficult to operate his real estate business. We were able to locate a bank for the Client to talk to which was local to the real estate and was looking for properties that fit that description.…Read More
While Fornaro Law is not an accounting or finance firm, their expansive network has evolved so that they are confident in referring third party professionals to their clients that are available to help meet their non-legal needs.
One of our long time trucking company clients has expanded significantly into his core business and industrial real estate holdings. While we helped design his corporate structure, helped close transactions and navigate through municipal processes, environmental issues, and other legal matters, we have been able to connect him with many people throughout the years to…Read More
Our ability to find creative solutions to problems. Client tried to get a document for 6 weeks. FL got it in one day.
Our high value clients believe that in order to succeed, they need to move their projects forward and timing is critical to their success. A potential client had tried most everything they could to navigate through the process with one municipality to get an older ordinance located and certified. The document was vital to assisting…Read More