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Legal Services for Private Lending
Andelsman Law is known for its deep knowledge of the commercial and private lending space. We are proud to offer lenders industry-leading legal assistance, including preparing and negotiating master loan purchase agreements, establishing legal business structures and securing lines of credit.
Expedited Closing Process
We don’t miss a deadline. Our firm offers personalized access to our expert team, as well as expedited file turnaround. At Andelsman Law, we also offer same-day closing services nationwide. Clients can view real-time updates on legal files and transactions through our online portal 24/7.
Loan Document Preparation
Nationwide loan documents tailored to your transaction. We prepare a wide range of loan documents, including commercial, rental, residential, lines of credit, construction, and more. Our premium loan documents are tailor-made to protect your interests with respect to the current lending environment. Our team also provides ancillary documents and services to guide you from contract to closing. We are experts in handling New York CEMA transactions, assumptions, severance agreements, modification agreements, extension agreements, forbearance agreements, pledge of membership interest and deed-in-lieu of foreclosure actions.
Closing and Settlement Nationwide
Leave the closing process to us so you can focus on growth. At Andelsman Law, we strive to provide a seamless closing process no matter where you do business. We ensure clients have access to trusted advice, loan documents, and resources for loans nationwide.
Andelsman’s Core Values
With more than 85 years of combined legal experience, Andelsman Law will help you smoothly navigate each and every transaction. Our team of attorneys and paralegals are trained to serve in the real estate and private lending space. This expertise means we see what other firms do not. Our team spots discrepancies before they become roadblocks, giving you more time to focus on growing your business.
At Andelsman Law, we are lawyers first. Our No. 1 priority is to ensure the legal work associated with your transaction is finalized and compliant at the time of closing. Our firm has systems and processes in place to scrutinize each file for accuracy and verify that documents are air-tight. Large or small, every transaction is important to us. We put in the time and attention to get the job done right for our clients.
We understand the importance of speed in this industry and pride ourselves on efficiency, including same-day turnaround for legal files when necessary. Our nimble team will work with you to get the job done quickly and properly, without cutting corners or sacrificing quality.
We know good customer service starts with open communication and transparency. Andelsman Law offers clients access to real-time updates on legal files and transaction progress through an online portal. We also value the personal connection of working with our clients one-on-one. Our attorneys will be you every step of the way. When you hire Andelsman Law, you’re hiring Andelsman Law full force.
Founded in 1994 by Lawrence Andelsman, the Firm has represented a diverse group of developers, commercial and private lenders and small to mid-size growing businesses in all aspects of real estate transactions and related corporate matters. The attorneys at the Law Offices of Lawrence Andelsman, P.C. are committed to providing excellent service and communication to clients while diligently navigating transactions to a smooth conclusion. Complementing the attorneys, the Firm’s experienced staff of paralegals provides personalized attention to every client.
Real Estate Sectors
- Private Mortgage Lending
- Private Mortgage Lenders
Lawrence Andelsman, Esq.
Lawrence Andelsman, Esq., is the founder of Andelsman Law, a boutique law firm dedicated to representing lenders, developers, and investors in a wide variety of real estate transactions. Throughout his career, Mr. Andelsman has successfully closed thousands of private lending and real estate investor transactions across New York City’s five boroughs, Long Island and New Jersey. His practice is known for its intimate knowledge of the market for one-to-four family residential properties, which is built on Mr. Andelsman’s 25+ years of personal experience as a real estate investor and attorney. Mr. Andelsman founded the practice in 1994, on the heels of graduation from Hofstra University Law School and admission to the New York State Bar. He got his start in real estate by handling residential real estate transactions. He went on to leverage his expertise to provide legal and business counsel to private and commercial lenders, builders, and investors. From 1999 to 2005, Mr. Andelsman served as outside general counsel and closing attorney for one of the largest real estate investors in New York City. Mr. Andelsman handled thousands of fix and flip transactions, ground up construction and condominium conversions. He also served and advised on all aspects of the business including acquisition, financing, construction and sales. During this time he also gained a skilled understanding of hard money lending, also known as private money lending. He has handled thousands of private lending transactions and has represented and currently represents some of the largest private lenders in the New York/New Jersey area. Mr. Andelsman has carried his expertise in private lending transactions nationwide expanding his lender representation for transactions throughout the country. Beyond the firm, Mr. Andelsman is an experienced real estate investor and developer. This first-hand real estate experience underscores Mr. Andelsman’s ability to anticipate client needs and provide unparalleled attention to detail throughout every step of the transaction process.
Audra Hornig, Esq.
Audra Hornig served as a Senior Associate in the Bronx DA’s office where she prosecuted high level felons for eight years. Subsequently, she served as General and Compliance Counsel for some of New York’s largest Mortgage Lenders. She oversaw all legal matters and was responsible for all areas of compliance, including writing and implementing compliant Dodd Frank policies and procedures. Ms. Hornig was responsible for federal and state banking audits, as well as training and licensing loan originators. After honing her skills for 16 years working in compliance, Ms. Hornig departed the residential mortgage industry and joined the Law Offices of Lawrence Andelsman, P.C. as a senior associate. Ms. Hornig handles private and commercial lending transactions for the firm. She also provides general counsel to private and non-bank lenders in the areas of compliance, regulation and general corporate matters. Ms. Hornig graduated from George Washington University in 1990 and Brooklyn Law School in 1993. She is a member of both New York and New Jersey Bar Associations.
Rob Bommarito, Esq.
Mr. Bommarito has been representing individuals, contractors, developers and lenders in real estate transactions for over 20 years. Mr. Bommarito’s practice areas include all aspects of commercial and residential real estate transactions with a focus on complex agreements and lending transactions. He also represents individuals and small business owners with respect to the acquisition, sale, formation and organization of their businesses and corporate entities. Mr. Bommarito’s experience as both an attorney and real estate investor allows him to fully understand the challenges that his clients face and to prepare them in advance for any issues that may arise to ensure a smooth and successful transaction. Mr. Bommarito graduated from New York University in 1997 and from New York Law School in 2000. He is a member of both New York and New Jersey Bar Associations.