Articles and News
- Marketing and Events
In the world of private lending, where every decision impacts the bottom line, it’s crucial to view marketing as an asset rather than just a cost. As a long-term marketing executive, I’ve witnessed firsthand how ...
- Marketing and Events
Networking has always been a cornerstone of business success across industries, but it plays an especially vital role in the private lending sector. For lenders, networking goes beyond just meeting people; it’s about building relationships ...
- Lending Compliance, Litigation, Loan Document Preparation
In a landmark decision, (Loper v. Raimondo and Relentless v. DoC), the US Supreme Court restricted the power of federal agencies to interpret laws they oversee, emphasizing that courts should now rely on their own ...
- Foreclosure and Loss Mitigation
By Staford François, Partner, CohnReznick The recent macro-economic environment has led to significant changes in the private credit space. Most loan operators have seen their share of non-performing loans, which at times has led to ...
- Corporate & Securities
The popularity of funds in private lending has surged significantly in recent years. Geraci LLP, known for its expertise in this realm, has been instrumental in crafting and tailoring debt funds for private lenders nationwide, ...
- Corporate & Securities
In the past year, many private lenders have inquired about pursuing a non-performing debt fund strategy. However, they have many misconceptions that these funds can look and perform exactly like a performing open-ended debt fund. ...
- Corporate & Securities
Private lenders, real estate developers, and other private investors often raise capital through private offerings using SEC registration exemptions such as Regulation D of the Securities Act of 1933 (“Funds”). Given that exempt securities offerings ...
- Corporate & Securities
Introduction Business purpose loans to individuals secured by residential property represent a niche, yet significant, segment of the private lending market. These loans differ from traditional owner-occupied dwelling mortgages as they are intended for business, ...
- Banking & Finance
Thankfully, only a handful of states require a license to lend or to broker or service a loan, but when a license is required, strict compliance is absolutely essential. Failure to comply can result in ...
- Banking & Finance
Usury is a term that refers to the law that sets a maximum interest rate on certain loans in a given state. These laws vary tremendously from state to state, including some which have no ...
- Banking & Finance
Prepayment penalties, or “prepayment premiums” as we prefer to call them, are the charging of a fee in lieu of interest that would have otherwise been collected if the loan had not been paid of ...
- Litigation & Bankruptcy
Considering a foray into the (entirely legal) cannabis industry, not as a grower but as a financier? The question arises: if your investment goes up in smoke due to a borrower’s default, are you inevitably ...
- Lending Compliance, Litigation, Loan Document Preparation
In a landmark decision, (Loper v. Raimondo and Relentless v. DoC), the US Supreme Court restricted the power of federal agencies to interpret laws they oversee, emphasizing that courts should now rely on their own ...
- Foreclosure and Loss Mitigation
By Staford François, Partner, CohnReznick The recent macro-economic environment has led to significant changes in the private credit space. Most loan operators have seen their share of non-performing loans, which at times has led to ...
- Banking & Finance
Thankfully, only a handful of states require a license to lend or to broker or service a loan, but when a license is required, strict compliance is absolutely essential. Failure to comply can result in ...
- Banking & Finance
Usury is a term that refers to the law that sets a maximum interest rate on certain loans in a given state. These laws vary tremendously from state to state, including some which have no ...
- Banking & Finance
Prepayment penalties, or “prepayment premiums” as we prefer to call them, are the charging of a fee in lieu of interest that would have otherwise been collected if the loan had not been paid of ...
- Banking & Finance
LEGAL UPDATE May 2024: As anticipated in our Cannabis 2024 Outlook article “Still Growing Like a Weed”, the Department of Justice formally sought to reclassify marijuana from Schedule 1 drug under the Controlled Substances Act ...
- Foreclosure and Loss Mitigation, News
Click here to jump to the April 2024 update. Many lenders in our industry are not licensed to lend in California, but instead rely upon a licensed real estate broker to arrange the loan which ...
- Loan Document Preparation
Sometimes, people are afraid to ask the basic questions, for fear that the questions are too obvious or that they should know better. But a question that invariably comes up and which is a great ...
- Lending Compliance
Simplify Your Compliance Strategy Conducting business as a licensed mortgage lender or broker in California can be daunting. It’s no small thing to manage and govern all of your lender and broker compliance requirements. Not ...
- Banking & Finance, Corporate & Securities, Litigation & Bankruptcy, News
Every year about this time, our Geraci Leadership team takes a moment to reflect on the past year and discuss their thoughts about the next one. While the overall sentiment is generally a continuation of ...
- Loan Document Preparation
These days, almost all commercial loans include an Assignment of Rents as part of the Deed of Trust or Mortgage. But what is an Assignment of Rents, why is this such an important tool, and ...
- Litigation & Bankruptcy, Loan Document Preparation
Your borrower has an income generating property (generally tenants who are paying monthly rent) and is (presumably) collecting it. He isn’t paying you, though. Where is the money going? You ask, and he tells you ...
- Corporate & Securities
The popularity of funds in private lending has surged significantly in recent years. Geraci LLP, known for its expertise in this realm, has been instrumental in crafting and tailoring debt funds for private lenders nationwide, ...
- Corporate & Securities
In the past year, many private lenders have inquired about pursuing a non-performing debt fund strategy. However, they have many misconceptions that these funds can look and perform exactly like a performing open-ended debt fund. ...
- Corporate & Securities
Private lenders, real estate developers, and other private investors often raise capital through private offerings using SEC registration exemptions such as Regulation D of the Securities Act of 1933 (“Funds”). Given that exempt securities offerings ...
- Corporate & Securities
Introduction Business purpose loans to individuals secured by residential property represent a niche, yet significant, segment of the private lending market. These loans differ from traditional owner-occupied dwelling mortgages as they are intended for business, ...
- Corporate Business Law
Private lenders provide vital financing options for real estate investors. However, there are numerous myths and misconceptions surrounding the licensing rules for private lenders, specifically in Business Purpose Lending (BPL) secured by residential real estate. ...
- Securities and Capital Markets
In the dynamic landscape of private lending, the strategic establishment of a debt fund becomes a pivotal move for those who seek to be a true direct lender or balance sheet lender. In this introductory ...
- Corporate Business Law, News
The Corporate Transparency Act (CTA), enacted earlier this year by the US Congress, is set to usher in a new era of financial transparency and anti-money laundering efforts. In this article, I would like to ...
- Banking & Finance, Corporate & Securities, Litigation & Bankruptcy, News
Every year about this time, our Geraci Leadership team takes a moment to reflect on the past year and discuss their thoughts about the next one. While the overall sentiment is generally a continuation of ...
- Securities and Capital Markets
In the world of private lending, creating a Real Estate Investment Trust (REIT) can offer numerous advantages. However, one of the key requirements to maintain REIT status is to have at least 100 equity holders ...
- Securities and Capital Markets
United States real estate has always been a very attractive investment for offshore investors. High rates of return, stable values, and a stable economy have always driven massive interest from overseas. Private lending is no ...
- Corporate Business Law
Private lending continues to be very profitable in the world of real estate investing, but with the continued growth of real estate investing comes the need for more and better funding. To keep up with ...
- News, Securities and Capital Markets
The private lending industry is facing its first extended inflection point since the 2008 Global Financial Crisis. Rising default rates, decreasing home values, lack of new housing inventory, low unemployment, volatility on Wall Street, and ...
- Lending Compliance, Litigation, Loan Document Preparation
In a landmark decision, (Loper v. Raimondo and Relentless v. DoC), the US Supreme Court restricted the power of federal agencies to interpret laws they oversee, emphasizing that courts should now rely on their own ...
- Litigation & Bankruptcy
Considering a foray into the (entirely legal) cannabis industry, not as a grower but as a financier? The question arises: if your investment goes up in smoke due to a borrower’s default, are you inevitably ...
- Litigation
When it comes to the legal landscape of California, the process of serving a lawsuit is akin to navigating a complex maze. For anyone embarking on this journey, whether you’re a seasoned attorney or a ...
- Litigation
Most are predicting a tough economic climate for 2024 (the “risk”). I have no reason to disagree with them. However, that climate can be organized for huge gains to you (the “reward”). This will be ...
- Banking & Finance, Corporate & Securities, Litigation & Bankruptcy, News
Every year about this time, our Geraci Leadership team takes a moment to reflect on the past year and discuss their thoughts about the next one. While the overall sentiment is generally a continuation of ...
- Litigation & Bankruptcy
Private lenders play a pivotal role in the financial ecosystem, bridging the gap for borrowers who might not qualify for traditional investment property loans. Yet, this flexibility can inadvertently expose them to higher risks—particularly, mortgage ...
- Litigation & Bankruptcy
In the tapestry of financial transactions, private lenders weave a path distinctly separate from traditional banking institutions. Their agility and flexibility have allowed countless individuals and businesses to secure funding, often during pressing times. However, ...
- Litigation & Bankruptcy, Loan Document Preparation
Your borrower has an income generating property (generally tenants who are paying monthly rent) and is (presumably) collecting it. He isn’t paying you, though. Where is the money going? You ask, and he tells you ...
- Litigation
My boss has told me a few times at conferences, “no one has figured out how to make money in litigation.” I’m assuming he meant no one other than me. Point taken. So, how can ...
- Litigation
Should you be a lender with a borrower in default on a fix & flip property, it is likely you will be taking the property back after foreclosure. There are potential pitfalls for a lender ...
- Litigation
Lender liability law exists to ensure (often unsophisticated) borrowers are protected. For lenders, this sounds simple enough — act in good faith, don’t commit fraud, and you won’t get sued. However, due to the complexity ...
- Banking & Finance, Corporate & Securities, Litigation & Bankruptcy, News
It has been a busy March for banking as well as private lending. There have been millions of words written about this, so I’ll mention again briefly in case you’ve been stuck on a ship ...
- Foreclosure and Loss Mitigation, News
Click here to jump to the April 2024 update. Many lenders in our industry are not licensed to lend in California, but instead rely upon a licensed real estate broker to arrange the loan which ...
- Geraci Updates, News
IRVINE, February 9, 2024 – Geraci LLP, the nation’s foremost private lending law firm, proudly announces the promotion of Steven E. Ernest, Esq., to the esteemed position of Partner. In his elevated role, Mr. Ernest ...
- Corporate Business Law, News
The Corporate Transparency Act (CTA), enacted earlier this year by the US Congress, is set to usher in a new era of financial transparency and anti-money laundering efforts. In this article, I would like to ...
- Banking & Finance, Corporate & Securities, Litigation & Bankruptcy, News
Every year about this time, our Geraci Leadership team takes a moment to reflect on the past year and discuss their thoughts about the next one. While the overall sentiment is generally a continuation of ...
- Geraci Updates, News
Jennifer Young, Esq., Promoted to Partner at Geraci Law Firm Corporate and Securities Team Positioned for Growth in 2024 December 6, 2023, IRVINE – Geraci LLP is pleased to announce the promotion of Jennifer Young, ...
- Banking & Finance, News
As we navigate the intricate tapestry of the 2023 economic market, lenders worldwide are grappling with the looming specter of a potential recession. With global economic indicators showing signs of volatility and uncertainty, it’s more ...
- Geraci Updates, News
Many of you are familiar with the UCC forms used to make financing statement filings with various state government offices and upon the land records as fixture filings. The forms we are used to were ...
- Lending Compliance, News
What’s Going On? In the absence of a comprehensive federal law in the United States, states are taking matters into their own hands by passing sweeping privacy legislation. As of the date of this Article, ...
- Banking & Finance, News
By now, nearly everyone has heard of Silicon Valley Bank, Signature Bank, and First Republic Bank. All three banks failed spectacularly sparking a run on other regional banks and a flight of deposits from smaller ...
- Lending Compliance, News
BACKGROUND The CFPB continues to use data reporting as a means to expand its reach into private lending. This most recently occurred through the CFPB’s expansion of the reporting requirements under the Equal Credit Opportunity ...
- Geraci Updates, News
Advanced Loan Modifications Now Available on Lightning Docs IRVINE, April 21, 2023 – Lightning Docs, a proprietary cloud-based business purpose loan document generation system, has just completed Beta testing their advanced loan modification module. Available ...
- News, Securities and Capital Markets
The private lending industry is facing its first extended inflection point since the 2008 Global Financial Crisis. Rising default rates, decreasing home values, lack of new housing inventory, low unemployment, volatility on Wall Street, and ...
- Marketing and Events
Networking has always been a cornerstone of business success across industries, but it plays an especially vital role in the private lending sector. For lenders, networking goes beyond just meeting people; it’s about building relationships ...
- Marketing and Events
In the world of private lending, where every decision impacts the bottom line, it’s crucial to view marketing as an asset rather than just a cost. As a long-term marketing executive, I’ve witnessed firsthand how ...
- Geraci Updates, News
IRVINE, February 9, 2024 – Geraci LLP, the nation’s foremost private lending law firm, proudly announces the promotion of Steven E. Ernest, Esq., to the esteemed position of Partner. In his elevated role, Mr. Ernest ...
- Geraci Updates, News
Jennifer Young, Esq., Promoted to Partner at Geraci Law Firm Corporate and Securities Team Positioned for Growth in 2024 December 6, 2023, IRVINE – Geraci LLP is pleased to announce the promotion of Jennifer Young, ...
- Geraci Updates, News
Many of you are familiar with the UCC forms used to make financing statement filings with various state government offices and upon the land records as fixture filings. The forms we are used to were ...
- Geraci Updates, News
Advanced Loan Modifications Now Available on Lightning Docs IRVINE, April 21, 2023 – Lightning Docs, a proprietary cloud-based business purpose loan document generation system, has just completed Beta testing their advanced loan modification module. Available ...
- Case Studies, Eviction/Unlawful Detainer
The residential eviction process is stressful enough, but California’s SB-1079 (CC § 2924m) can convolute the process in ways that require a skilled litigator with subject-matter expertise to navigate successfully. Whether you’re a foreclosing lender, ...
- Geraci Updates, News
IRVINE, CA – February 9, 2023. Geraci LLP, the nation’s largest private lending law firm, celebrated the one-year anniversary of Head of Litigation, Steven Ernest, Esq. taking the helm for his team. Under his leadership, ...
- Geraci Updates, News
Geraci LLP and Wright, Finlay & Zak have prepared a Joint Statement, which you can read in full below, providing a detailed analysis of the current state of the law and other frequently asked questions ...
- Geraci Updates, News
- Geraci Updates, News
Lightning Docs Named Official Loan Docs ofThe American Association of Private Lenders (AAPL) Lightning Docs Recognized as Private Lending Industry StandardBusiness Purpose Loan Documents Irvine, CA, October 11, 2022 — Lightning Docs, a proprietary cloud-based ...
- Guest Blogs
This article was originally published in Originate Report Magazine Would you skydive without a parachute? Of course not. So, why should lending without a safety net be any different? Axylyum Charter, a company aimed at ...
