Practice/Industry Group Overview
Nyemaster Goode attorneys in the Commercial Real Estate Finance practice area close commercial real estate mortgage loans originated by insurance companies, banks, savings banks, credit unions, and other institutional lender clients in Iowa and throughout the United States. Our attorneys handle all legal aspects of documenting and closing secured commercial real estate loan transactions, including preparing and negotiating loan documentation; examining titles, including negotiating title policies and reviewing and approving surveys; and supervising the conclusion of the closing process and funding. Since 2001, Nyemaster Goode's Commercial Real Estate Finance attorneys have closed loans totaling over a billion dollars each year. In addition, our attorneys routinely assist clients with loan servicing and administrative issues, including transactions involving loan assumptions, permitted transfers, partial releases, loan amendments, modifications, work-outs, and foreclosures.
Represent insurance companies in mortgage loan transactions throughout the United States, including drafting and negotiating loan documents, reviewing and negotiating title policies, reviewing surveys, and reviewing all other documentation regarding the borrower related to the loan transaction.
Represent insurance companies in post-closing transactions affecting mortgage loans, including loan assumptions, partial releases of collateral securing the loan, loan modifications, subordination agreements relating to permitted subordinate financing, transfers of interests in the borrower, and foreclosures/deeds in lieu of foreclosure.
Closed commercial real estate loans for large savings bank throughout the Midwest and Southeast United States.
Represented insurance company lender in connection with $145 million construction loan on property located in Birmingham, Alabama, being developed with new federal building.
Represented commercial lenders in foreclosures on hotels, shopping centers, convenience store chains, commercial buildings, and residential properties.