Mr. Biggs' practice focuses on commercial real estate and finance, including: purchase and sale of commercial real estate commercial real estate lending and borrowing Virginia local... more
Mr. Biggs' practice focuses on commercial real estate and finance, including: purchase and sale of commercial real estate commercial real estate lending and borrowing Virginia local counsel for financings, including multi-state deed of trust enforceability opinions deed and loan document preparation commercial foreclosures (not residential) problem real estate loans and workouts (not r... 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.