That’s a big switch for lawyers who specialize in commercial lending deals at Weintraub Genshlea Chediak Law Corp. Until last year, most of their time was spent negotiating loan workouts.
Now lawyers across the market are refinancing agreements to take advantage of low interest rates and helping clients get new money for acquisitions and other purposes.
“Money is available. Interest rates being charged are significantly less than they’ve been, and terms are more reasonable,” said Mike Kvarme, managing partner at Weintraub. “We’ve done a ton of loans this year. News is always focused on the 5 percent to 10 percent that’s not doing too well – but 90 percent of the economy is still functioning.”
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Weintraub Genshlea Chediak is an innovative provider of sophisticated legal services to dynamic businesses and business owners, as well as non-profits and individuals with litigation and business needs. With offices in Sacramento, San Francisco and Los Angeles, the firm focuses on corporate, real estate, labor and employment, litigation, intellectual property, tax, and trusts and estate planning, among other areas.