At Varcadipane & Pinnisi, PC, our New Jersey commercial real estate purchase/sale lawyers serve the complex and diverse needs of the commercial real estate community. Even in inevitable economic cycles and constant regulatory changes, our clients know they can rely on us for our ability to effectively negotiate the distinctions of any real estate matter and “close the deal.”
We know the impact of complex zoning and land use codes on all aspects of commercial real estate transactions in New Jersey or NYC. Knowledge of state, county, and municipal laws (Bronx and Queens), as well as interpersonal skills, are critical to success when guiding our clients through a real estate transaction. Our New Jersey commercial real estate lawyers have what it takes to ensure a smooth transaction, no matter how big or small.
Our clients include:
Commercial real estate purchases are exciting, yet they can also be quite confusing and downright frustrating at times. It’s no wonder that many turn to New Jersey commercial real estate purchase/sale attorneys for help. We can assist parties in negotiating and drafting contracts for the sale of real estate, which will protect their rights under New Jersey real estate law. We help clients through the difficult due diligence process, including compliance with New Jersey’s Industrial Site Recovery Act (ISRA). Our clients also rely on us for help in obtaining financing and negotiating with lenders.
Commercial property is often built to develop it for use by the buyer or for development and consequent resale. Anyone involved in these transactions needs an attorney who has substantial experience working with buyers and developers in their dealings with construction contractors, subcontractors, and other related professionals, including architects and engineers in:
You will find that attorney at our firm.
Financing for commercial real estate transactions is highly complex and often has substantial consequences. The repayment terms such as interest are critical, as are the terms concerning collateral and security. For example, many commercial lenders will seek personal guarantees and security interest on all of the buyer’s assets in addition to a property mortgage. This is true even if they are buying the property through a corporation or limited liability company (LLC). Our New Jersey commercial real estate purchase/sale attorneys are skilled at negotiating with many different types of lenders and drafting and revising commercial property financing documents.
The title is an imperative aspect of any commercial real estate transaction. New Jersey title law is multifaceted. One of the most important things to ensure in a property sale is that purchasers receive “clean title” to the property. In other words, there must be no other claims to ownership other than the party currently selling the property.
Our New Jersey/New York commercial real estate purchase/sale lawyers know that all potential claims which could affect the property must be discovered. For example, all of the seller’s mortgages and liens on the property must be found and discharged at the time of or before closing. Often the seller doesn’t even know that liens or other claims exist against the property. These must be discovered and cleared before someone buys the property. Otherwise, the buyer is taking on the seller’s debt when they aren’t legally required to.
Easements and other restrictions on the use of the property must also be identified so that the buyer knows what they can do with the property. A clear title is essential because, without it, title insurance can’t be obtained. No one should purchase real estate without title insurance, and no commercial property mortgage lender will loan money for a purchase without being a beneficiary to a valid title insurance policy. Our New Jersey commercial real estate purchase/sale attorneys help buyers find and deal with title problems. They can also help sellers clear title problems so that they can close the sale of their property on schedule, saving them money in the long run.
Whether you are a first-time commercial property buyer or a seasoned property seller, you can count on Varcadipane & Pinnisi, PC, to be here for you. We can handle the big and small aspects of your commercial property sale or purchase. Call us today at 800-616-2916 or contact us online for a complimentary case review with our experienced New Jersey commercial real estate purchase/sale attorneys.
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