Selling commercial property has unique challenges. An informed review of financial arrangements and due diligence investigations by an attorney can uncover the issues which can make or break a deal. Are you protected? What are your exposures? Are there additional opportunities to realize a greater gain?

Often financing is an important part of structuring any transaction. The tax and financing arrangements of a commercial transaction can mean the difference between realizing losses or gains. In cases where purchase money financing is used and the seller acts as the bank making a loan, sellers often need to retain security interests to protect their interests. This may take the form of promissory notes, mortgages, guarantees, UCC filings, assignments of rents, and other tools. Our attorneys can assist in the structuring of terms and the perfection of security instruments to safeguard your interests and your transaction.

The sale of a commercial property may involve valuation issues, liabilities, and cash flow considerations. Perhaps inventory or other considerations and equipment are involved too. Further issues can arise with commercial tenants and the lease or tenancy rights of commercial tenants.

Some commercial developments can become transformative in an area. Expressing this vision credibly with local officials and interested parties is often helpful to winning local support and approval. Creating goodwill may lead to increased marketing opportunities for the property as well as future endeavors with the city or town.