Making Banks Look Good To Borrowers

Lerch Early lending lawyers help national, regional, and community banks, credit unions, and SBA lenders in the Washington, DC area and elsewhere close loans on terms that leave both banks and borrowers happy with their transactions.

We serve as knowledgeable lending counsel, negotiating and documenting more than a billion dollars of asset-based, commercial real estate, floor plan financing, and SBA loans, as well as offering assistance in loan workouts each year. We work with lenders of all types, from loan administrators to senior loan officers, proactively issue spotting to make sure the bank is protected while the loans close on time.

Banks particularly value our advice on complex transactions, one noting that he turns to members of the Lerch Early team, “[w]henever I have a difficult, or large dollar deal where I want the confidence of a good counsel supporting me.” We frequently help lenders identify ways to improve their processes, saving time and money while reducing the bank’s risk.

Our attorneys are upfront about budgets, and are nimble when a lender confronts a tight timeline. We often act as local counsel, either for a bank financing a Maryland property, or for a bank or borrower where a Maryland legal opinion is required.

As one banker said, “As a lender, whomever we choose to close our loans ultimately is an extension of our reputation and represents what we stand for.” Lerch Early makes banks look good to their borrowers.

Success Stories

SBA Interim Loan

Challenge

Our bank client needed to quickly close on an acquisition loan arising out of a bankruptcy sale, but SBA approval for the loan did not reach the bank before the deadline for the sale.

Strategy

Lerch Early assisted in structuring and documenting an interim loan in a couple of days to ensure the borrower did not lose its opportunity to purchase the property. Once the SBA approval was received and conditions for the SBA funding were met, we documented the SBA loan to take out the interim bank financing.

Result

The client was able to provide its borrower with the opportunities arising out of the bankruptcy sale while protecting its own interest.

Attorneys

Insights