Commercial lenders regularly encounter legal and practical issues that can affect loan documentation, collateral, closing requirements, enforcement options, and risk.
The Lending Brief is a new series from the Metz Lewis Banking Group designed to provide timely, practical guidance on issues affecting financial institutions and commercial lenders. Drawing on the group’s experience representing lenders in a wide range of financing transactions and workout matters, the series will address developments and considerations involving commercial lending, secured transactions, construction and acquisition financing, loan documentation, borrower defaults, workouts, and collateral protection.
We begin the series with “Why Pennsylvania Construction Lenders Should Require a Notice of Commencement,” written by Nelson Crichton. The article explains when Pennsylvania’s Notice of Commencement requirements apply and why construction lenders should require borrowers to properly file and post the notice.
For qualifying projects, this process can help lenders and borrowers identify subcontractors from whom final lien waivers should be obtained and may prevent subcontractors that fail to timely file a Notice of Furnishing from later asserting mechanics’ lien claims.
Through The Lending Brief, our goal is to provide clear, useful guidance that helps lenders identify potential issues early, strengthen loan documentation, and manage risk throughout the lending relationship.
For questions regarding Notices of Commencement or other commercial lending matters, contact Nelson Crichton, Brian Golias, or Riley Stoltenberg.
About The Lending Brief
The Lending Brief: Timely Guidance for the Business of Lending provides practical legal insights for financial institutions and commercial lenders. Written by attorneys in the Metz Lewis Banking Group, the series examines issues arising throughout the lending process, from loan origination and collateral documentation to defaults, workouts, and enforcement.
