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RMG's commercial lending practice group focuses on the representation of banks, insurance companies, and other traditional and non-traditional lenders in all aspects of real estate, corporate, and commercial lending, including asset-based lending and equipment lease financing. This work includes loan syndications and participations, corporate lending to middle market companies for working capital and purchases of fixtures and equipment and related purposes, local counsel representation of lenders in large, multistate loan transactions, and lending for the acquisition and construction of projects in all real estate sectors -- including retail, multifamily housing, office, and industrial projects -- and permanent financing of these projects.
RMG attorneys consult with and advise clients in the structuring of these loans. Real estate-secured loans are subject to high transaction costs in Maryland. Structuring transactions with an eye to reducing such transactions costs, including recordation and transfer taxes, title insurance fees, and other fees, while making certain that the lender is properly secured, is a regular aspect of RMG's commercial lending practice. Once a transaction is properly structured, the firm's attorneys assist in drafting and negotiating loan documentation, creating and perfecting security interests in personal and real property collateral, and troubled loan restructurings and workouts, often in concert with RMG's creditor's rights and bankruptcy practice group.
RMG's experience in structuring and documenting loan transactions allows the firm's attorneys to work on and to close transactions with great efficiency, translating to manageable transaction costs for the lender or the lender's customers. In a competitive lending environment, these efficiencies are an attractive selling point for the lender, especially in transactions where the customer pays all transaction costs, including attorneys' fees. In those matters where the lender is paying all the bills, these efficiencies also reduce surprises to the lender's cost control centers.