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Connecticut 860-997-7835
Real Estate Transactions
Real Estate Transactions
A sophisticated real estate practice that is accessible and welcoming to individuals, businesses, and real estate investors of all experience levels.
Residential Purchase and Sales:
The firm regularly handles purchases, sales and refinances of residential properties, including single-family, multi-family, and condominiums.
Commercial Purchase and Sales:
The firm frequently represents clients in purchases, sales, construction and refinances of all types of commercial properties, including large multi-family properties, vacant land, office and retail buildings, and industrial properties. The firm assists clients in all phases of such commercial transactions, including contract negotiation and execution, due diligence, permitting, obtaining the clear to close if lender-financed, closing, and handling any post-closing matters.
Leasing:
The Law Offices of Edward Schenkel, LLC has represented clients in negotiating and closing over a hundred leases. The firm regularly represents landlords and tenants in leases for all types of commercial and residential space, including office, medical, retail, warehouse, and industrial leases. The firm is well versed in negotiating and drafting leases for its clients, understanding that the wording of a single provision can make a significant difference if there is dispute in the future. The firm stands ready to skillfully negotiate, draft, and close any type of lease for its clients.
Developement Projects
The Law Offices of Edward Schenkel, LLC helps its clients bring their development visions to reality. The firm has experience representing clients in all phases of development projects and understands the process to get a project approved and constructed. The firm assists its clients in all phases of development, including negotiation and execution of the construction contract, obtaining the necessary zoning permits, closing on the land and construction loan, and construction of the project. The firm has experience with all types of development projects, big and small, and stands ready to help bring visions to life.
Commercial Loan Representation:
The firm represents purchasers and lenders in negotiating and closing all types of commercial financing, including construction and rehabilitation loans, traditional financing, and hard money lending. The firm understands the urgency of closing all loans as planned and strives to take all necessary steps to ensure a smooth closing that occurs on time.
Real Estate Investment Transactions
The Law Offices of Edward Schenkel, LLC represents real estate investors in all types of investor transactions and provides any service that a real estate investor requires. The firm is equipped to handle any legal issue that may come up in real estate investing. The firm frequently represents investor clients in the following types of transactions:
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Multi families, Single-family, and Commercial Real Estate Investments: The firm routinely represents real estate investors in purchases and sales of single-family, multifamily, and commercial properties, ranging from routine closings to closing deals with unique and complex legal issues that must be resolved prior to closing.
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Flips: The firm frequently represents investors who buy, rehab, and sell properties, and understands the ins and outs of successfully representing clients in flips.
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Cash Out Refinances and “BRRRs”: The firm represents investors in “BRRR” transactions (buy, rehab, refinance, repeat) and has successfully closed numerous transactions of this nature, helping investors to pull equity out of rehabbed property and use the capital to invest in the next property. The firm understands the various issues that can arise during such deals and has the experience to address them.
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1039 Exchanges: The firm handles 1039 exchanges for real estate investors and works with its clients’ accountants to achieve the desired outcome of deferred taxes.
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Wholesaling: The firm also has experience closing transactions for investors that involve wholesalers, or where the purchase and sales contract is assigned. The firm understands the documents and logistics of such closings and helps clients smoothly close such deals.
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LLCs and Operating Agreements: The firm routinely forms Limited Liability Companies as holding companies for real estate investors and drafts operating agreements for investment teams. The firm understands the details of drafting operating agreements specifically for real estate investment team partnerships and real estate holding companies.
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Creative Financing Transactions: The firm represents investors in transactions that involve creative financing, including seller-financing deals, purchases that are subject to other liens and mortgages, and transactions that use hard money lending.
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Short Sales and Pre-Foreclosure Transactions: The firm represents clients in purchasing and selling properties as short sales or those in foreclosure. The firm understands foreclosure law which allows it to help clients close properties in all stages of foreclosure.