THIS BILL WILL AFFECT PRIVATE LENDERS DOING BUSINESS IN NEW YORK WHICH MAKE BRIDGE LOANS AND TERM LOANS SECURED BY 1-TO-4 AND MULTI-FAMILY HOUSING.
On December 11, 2020, the New York legislature delivered a bill for Governor Cuomo’s signature that requires specific disclosures to be provided to certain commercial financing transactions.
“Rapid e-Closing,” the solution for social distancing
NEW YORK, NY – As this global pandemic continues, private lenders, nationwide, are faced with the challenge of how to safely and quickly close loans in these lockdown conditions. Private Lender Law, the practice group of LaRocca Hornik Rosen & Greenberg (LHR&G), announced today a revolutionary service that enables remote loan closings that will offer a unique solution for traditional in-person transactions.
On behalf of the National Private Lender’s Association (NPLA), Private Lender Law (PLL) has completed our preliminary review of the pending anti-fix & flip legislation and political landscape in New York State in order to evaluate the likelihood of its passage.
Discover how a competent lender’s attorney for real estate loan closings can ensure a seamless and compliant transaction. Call Private Lender Law at 1-212-536-3529 or return the contact form to schedule a consultation today.
