Raleigh $1.6M Loan Review

I am about to fund three connected commercial loans—two first-lien notes on separate flex properties (together $1.1 M) and a $500 K unsecured promissory note backed by personal and corporate guarantees, an interest-reserve account, and key-man life insurance. Borrower’s counsel, Bright Law, will draft the documents and run the closings; what I need now is an independent, lender-side legal review focused on risk.

Your primary brief
• Pinpoint any lender-side risks hidden in the loan agreements, guarantees, extension clauses, and closing packages.
• Make sure the first-position liens are perfectly structured and recorded.
• Verify all title commitments and insurance binders for both properties line up with the deal terms and leave no coverage gaps.

Preferred work product
A marked-up set of PDFs (or redlines) plus a concise memo that flags issues, suggests language tweaks, and ranks each point by severity, delivered in time for me to respond to Bright Law before closing.

I will supply the draft loan agreements, title commitments, ALTA policies, insurance certificates, guarantee forms, and the proposed closing checklist the moment they arrive from borrower’s counsel. If you notice anything that could threaten lien priority, repayment prospects, or my remedies, call it out clearly.

Experience with commercial real-estate finance in North Carolina is ideal, but an attorney licensed in any U.S. jurisdiction who routinely handles multi-million-dollar secured lending packages will be considered.