Business Transactions Blog

Effective January 1, 2024, the Corporate Transparency Act (“CTA”) has come into force, bringing with it substantial reporting obligations on small businesses. Given the stringent reporting obligations, tight reporting deadlines, and steep penalties associated with noncompliance, it is critical to be well informed about the new law and take the necessary steps to adhere to...

Read More

The Mortgage Bankers Association estimates that nearly $1 trillion in multifamily CRE debt will mature by 2027.  An historically large number of multifamily debt maturities is on the horizon, leading many borrowers seeking to extend time on their current loans waiting for better interest rates and loan terms,  rather than refinancing their property at a...

Read More

Something new I’ve been encountering, as buyers find ways to avoid banks and other traditional lenders, is the “contract for deed” also known as an “installment land contract” or “bond for deed”.  A contract for deed is another method of seller financing. In this setup, the seller and buyer enter into a contract for deed...

Read More

Fannie Mae’s Green Rewards program incentivizes borrowers to undertake energy and water efficiency improvements at multifamily properties. The program is available nationwide to both conventional and affordable multifamily property loans, with a term between 5 to 30 years, and helps to lower property utility costs while increasing loan proceeds made available to borrowers. Additionally, owners...

Read More

In this video, I go over some of the common areas to look into when looking for a securities lawyer. You want someone specialized so I give you some insight into what I would look for if I were to go out and hire a lawyer to help with a capital raise, securities offering, syndication,...

Read More

YOU INVESTED IN A PRIVATE OFFERING AND WANT TO SELL YOUR INTEREST – WHAT DO YOU DO? For all private offerings, restricted and/or controlled securities are issued, thus inhibiting the ability for investors to sell or transfer their interest. For securities purchased in a Regulation D offering, the interest is considered “restricted” and cannot be...

Read More

Prior to joining Patel Law Group, I worked for two large servicers of Fannie Mae and Freddie Mac loans, and eventually ended up working in one of their special servicing departments managing underperforming loans. It wasn’t fun, and borrowers were annoyed, but it gave me a great understanding of what borrowers deal with once a...

Read More