Attorneys Advising Banks And Lenders
In a fluctuating market filled with uncertainties, and especially in a challenging lending environment, it’s important that banks, businesses and lenders are diligent about protecting their interests.
The attorneys at Alward Fisher Rice Rowe & Graf have assisted clients throughout Traverse City and across Michigan and the neighboring states with a wide array of lender and bankruptcy issues. In particular, we have worked to achieve the goals of local banks, as well as regional lenders, in commercial lending and loan documentation, along with individuals and businesses who are borrowing or restructuring loans.
Handling The Complexity Of Banking Law
Our lawyers have decades of experience helping clients in all legal matters pertaining to banking, including assisting with debt collection and protecting creditors’ rights. In addition to our bankruptcy work, we are widely recognized as leaders in commercial loan documentation for new construction and development, expansion, acquisition, and other projects.
As part of our practice, we provide a wide range of services related to loan transactions, including:
We provide a wide range of services related to loan transactions, including:
- Performing due diligence on the borrowers
- Issuing letters of intent
- Drafting participation agreements
- Preparing loan documents
- Obtaining and reviewing title insurance
- Conducting and coordinating closings
Comprehensive Assistance On A Variety Of Banking And Loan Issues
Creditors are faced with an obligation to prevent or minimize losses in loan relationships. Our focus on loss mitigation has resulted in successfully working with creditors to reduce the amount of damage and exposure to losses caused by a defaulted loan relationship, whether by means of loan workout and forbearance, deed in lieu of foreclosure, foreclosure, bankruptcy, and collection.
From Loan Workout And Forbearance To Loan Reviews And Audit
At Alward Fisher Rice Rowe & Graf, our team of banking lawyers and paralegals are dedicated to handling loan workouts and documenting the loan workout transaction. We have extensive experience working with a broad scope of loan and collateral types, including:
- Unsecured loans
- Loans secured by commercial or residential real estate
- Security interest in business assets
- Personal guarantees
We handle all phases of the loan workouts, including negotiating and drafting forbearance agreements, short sales, loan modifications, deed-in-lieu transactions, and consensual sales through receivers or auctions.
We also have significant experience reviewing loan documentation and presenting the information to lenders in a manner that allows them to be informed and proceed with confidence regarding its loan documents and its rights contained in the loan documents.