Before hiring a professional commercial real estate attorney, it is really necessary to take some factors into consideration.

Here are the 12 key questions you need to ask:

Entities

1. How many entities have you created for clients, including – Limited Liability Companies, Limited Partnerships, etc? Can you write Opinion Letters for Lenders on these entities?

Negotiation Experience

2. Have you represented both a buyer and a seller in a commercial property transaction?

3. What is the most complex transaction you have ever been involved with to date?

4. How many commercial real estate renegotiation (retrade) contracts have you completed?

5. How many Commercial Transactions have you been involved in?

Loans

6. Have you done loan assumptions before?

7. Have you ever worked with Conduit Loans or loans from Fannie Mae or Freddie Mac?

8. Have you ever worked with a Lender’s Council to close a property? A lender’s attorney will draft the loan documents and your attorney will work with them.

Fees and references

9. Have you reviewed loan documents before?

Contracts

10. Have you facilitated a commercial transaction, covering all aspects of the closing?

Although you can get recommendations for quality attorneys from your property manager, brokers and other local investors, even friends. However, it is not an easy thing to find a commercial real estate attorney easily.

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