Recent engagement news: $3.2 million real estate transaction
Deal summary: Zeppos Rautiola is often engaged to assist in major real estate transactions. A recent matter involved a $3.2 million acquisition of a 12,000 s.f. commercial real estate building for the new headquarters of a national merchant processor.
How ZR helped: This deal was consummated in only 4 days, involving intense deadlines and highly detailed proceedings, while meeting the very stringent requirements of the New York-based hedge fund seller. The short fuse was due to the initial primary lender pulling out at the last minute due to a conflict, leaving our client with the possibility of losing its earnest money deposit if financing wasn’t secured. A lender was secured that could handle the quick turnaround and ZR attorneys worked tirelessly to consummate the deal. Our work included negotiations, due diligence, title, corporate financing and lease evaluation (several existing sub-tenant leases were in place, which required assessment of rights in order to terminate them).