Economic Development and Industrial Development Agency Financing
Along with crafting traditional financing agreements and loan arrangements for the acquisition or refinancing of real property, our firm has over 30 years’ specialized experience in dealing with all aspects of Industrial Development Agency (“IDA”), industrial revenue bond, “straight-lease” IDA projects, New York "JDA"" programs and related economic incentive programs throughout Long Island and the Metropolitan New York Area. When you are looking for that New York or Long Island area "IDA attorney" to handle your newest project, you can be assured you have found them at the Law Offices of Andrew Presberg, P.C. We also handle projects packaged with various types of U.S. Small Business Administration (“SBA”) financing. We have handled and closed hundreds of projects with virtually all of the Industrial Development Agencies throughout the region and focus on securing the maximum available real estate, sales and related tax abatements and economic development incentives available for our clients. Economic development incentives and abatements are available for new construction and, in many instances, acquisition of existing buildings, and includes sales tax exemptions on materials and fit-up of buildings being acquired, renovated or expanded. Our expertise and close working relationship with the local industrial development agencies enable us to achieve the maximum benefits available for each particular project.
Closing the Deal
On the acquisition side, we assist in the purchase and sale of all types of real estate, from raw land to complete and occupied projects. We represent users, as well as developers of all sizes, and entities whose primary business is not real estate development such as retail store chains, manufacturers and distributors. It is our goal to make our clients’ transactions happen as quickly and efficiently as possible by removing obstacles that create delays and add cost. We are skilled negotiators who become a part of our clients’ business team. We also have extensive expertise and experience in counseling real estate clients with regard to entity selection. This includes advice concerning the formation and operation of partnerships, limited liability companies or corporations for the development of major real estate and other business opportunities.
General Real Estate Advice
Our commercial real estate lawyers draft commercial leases of all types for tenants or landlords and handle a variety of landlord-tenant issues. We also handle property management issues, leasing agreement negotiation and documentation. As set forth above, we have special expertise in representing clients who seek to acquire or develop new places of business that can secure and benefit from economic development incentives. Our firm is also experienced in zoning, subdivision and contract law, and in the resolution of disputes involving real estate transactions.
Real Estate Legal Services:
Learn more about our Industrial real estate law services by contacting us in Islandia, New York.