UTR banking-finance attorneys Scott Ritch and Troy Costa recently helped a national lender successfully close a loan in connection with a nine million dollar acquisition of several acres of real estate at a well-known motor vehicle dealership in Foxboro, MA.
The matter involved a Delaware-based borrower and included an interest hedging agreement, or SWAP.
The transaction had to close quickly to accommodate the needs of both buyer and seller, who had to meet deadlines for each of their respective IRC Section 1031 exchanges.
At Ursillo, Teitz & Ritch, we represent financial institutions and other lenders, including national, regional and local banks, as well as developers, business owners and other borrowers in all types of commercial transactions. Our attorneys have experience documenting and negotiating commercial transactions, ranging from complex, multi-million dollar transactions to smaller deals. We are known for our ability to bring complex loans to fruition in a highly efficient manner.