Mr. Seitz concentrates in banking, commercial lending and commercial real estate... more
Mr. Seitz concentrates in banking, commercial lending and commercial real estate transactions representing financial institutions and borrowers, secured transactions law and development financing. Phillips Lytle LLP is a full-service law firm with passionate people who are guided by a pragmatic process. We take great pride working on complex litigation and transactional matters in each o... view profile
Ms. Grady concentrates her practice in the area of commercial law with emphasis on... more
Ms. Grady concentrates her practice in the area of commercial law with emphasis on lending transactional work including commercial lending and secured transactions, asset-based financing, commercial real estate financing, development financing, equipment leasing (including municipal leases) and loan restructuring. Phillips Lytle LLP is a full-service law firm with passionate people who a... view profile
When you buy something on credit, you borrow the money from a lender and put yourself in debt. The paperwork documenting this transaction is a debt/lending agreement. For example, simple debt / lending agreements are used to finance RV or boat purchases. More complicated debt / lending agreements for commercial business operations may include complex credit agreements, promissory notes, security and guarantee agreements, subordination or inter-creditor agreements, patent or trademark collateral security agreements, assignment and assumption agreements, hazardous substance indemnity agreements, mortgage agreements, and accounts receivable letters. When substantial amounts of money are involved, you'll want to use a business attorney with experience in negotiating and drafting debt and lending agreements.