Real Estate Finance & Investments
A Trusted Source Of Real Estate Finance Advice and Assistance
Buying and selling residential and commercial property can be a much more complicated process than it may seem. When considering which financing options and investments might be the right choice for you, it’s invaluable to have an expert source of legal counsel you can rely on.
The Pierro Law Group, PLLC has been a trusted law firm for over 30 years. We understand that protecting your real estate financing decisions is directly connected to protecting your home and family and business. And when you are pursuing investment or commercial properties, solid legal counsel can help to ensure that your legacy will be secure.
Our firm is pleased to provide New Yorkers with thoughtful and considerate counsel for all of their property financing and investment needs.
Often, when people decide to purchase property, they don’t immediately possess the total funds necessary to cover its entire cost. This is where knowledge of real estate finance comes into play.
Rreal estate finance covers a broad range of issues and legal matters, we would like to offer a brief overview of its scope.
There are three types of transactions that constitute the majority of real estate deals:
- Cash Transactions: Arguably the most simple version of a real estate purchase. Consists of a Seller exchanging the Deed to a property for an agreed-upon sum of money from a Buyer under contract agreements.
- Third-party Financing:One of the most common forms of real estate transactions. Consists of the Seller tendering the Deed to a property for an agreed-upon sum of money under contract agreements which the Buyer obtains a mortgage loan from a bank or financial institution for the funds required to complete the purchase
- Seller Financing: Consists of the Seller holding a mortgage on the property being sold which results in the Buyer paying the Seller over time.
Whatever method of sale you decide to utilize in your transaction, speaking with a real estate lawyer is an important first step. Throughout all real estate transactions there are procedures and contracts that require many steps and are made much easier by having the help of an experienced attorney. Additionally, some financing sources in the state of New York will not approve you for a loan if you are not represented by an attorney.
In New York, a loan on real estate is secured by a Mortgage on the real property.
A Mortgage is a legal document that includes two parties: the borrower and the lender. Mortgages create a financial encumbrance on the property the loan is given for. Mortgage foreclosures are handled through the judicial system.
Real Estate Project Finance
There are extensive implications for which real estate project financing plays an important role in growing businesses and developing the world which surrounds us. New York real estate projects are subject to very particular laws and regulations. This means that you need an experienced law firm that you can rely on to work efficiently and proactively.
Our firm understands that when you have a project in mind, you are looking to the future. We work diligently with our clients to understand their vision and represent their interests in a way that pushes their projects forward with the greatest possible ease and success.
The Pierro Law Group, PLLC Is Here For Your Real Estate Finance Needs
We understand that you have choices when it comes to real estate lawyers. While there are many firms that are perfectly capable of handling your real estate needs, we believe that our decades of experience and proven results speak for themselves and put us in a unique position to achieve your goals.
If you are seeking legal representation or counsel for a real estate transaction, please don’t hesitate to contact The Pierro Law Firm, PLLC for a free consultation today.
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