Williams & Associates
Quality Real Estate and Business Law Legal Services For Businesses Nationwide
What’s New Fall 2020

Norma Williams was the Moderator and a Panelist on a commercial real estate program at the Annual Meeting of the American College of Mortgage Attorneys entitled “Loan Defaults and Two Not So Tough Acts to Follow,” highlighting strategies for loan workouts and practice under the Uniform Assignment of Rents Act and the Uniform Commercial Real Estate Receivership Act, September, 2020

What’s New Winter 2020

“2020 Legislative Changes Affecting California Commercial Real Property,” Attorney at Law Magazine (Los Angeles Edition, (Volume 6, No. 1, 2020)

Norma Williams was selected statewide to receive the inaugural Excellence in Practice Award given by the California Lawyer’s Association’s Solo and Small Firms Section; Award Ceremony, June, 2019

Selected Recent Transactions:

Representation of bank in loan modification adding California shopping center owned by new guarantor as additional collateral

Representation of employees credit union in refinance loan secured by Southern California shopping center.

Local counsel in financing transaction for the construction of a Performing Arts Center at a Southern California private high school, using the federal New Markets Tax Credit program

Re-structure of limited partnership interests in partnership owning major transit-oriented multi-family real estate project

Holding company formation and advice on real estate subsidiary structure

Transaction counsel in initial phase of re-structure of limited partnership interests in partnership owning major multi-family real estate project

Recent Publications:

“2019 California Laws Affecting Commercial Real Property,” Attorney at Law Magazine (Los Angeles Edition (Vol. 5, No. 2, 2019)

“Priority Of Liens On California Real Property, Part 2: Subordination Agreements,” Points of Interest Magazine (California Mortgage Association, Spring, 2019)

“Priority Of Liens On California Real Property, Part 1: General Rules of Priority, Deeds of Trust,” Points of Interest Magazine (California Mortgage Association, Fall, 2018)

Commercial Lending: Clients and Transactions

We have represented commercial lenders and borrowers in large and small asset-based lending transactions involving personal property collateral including accounts receivable, inventory, equipment, fixtures and other goods, promissory notes, deposit accounts, intangibles and other collateral. Structures have included revolving credit facilities, term loans, mezzanine loans secured by borrowers’ ownership interests in entities, letters of credit and equipment leases. We also have experience with “mixed-collateral” loans – those secured by both real property and personal property – including advising, as a part of the initial documentation, on issues in the event that the lender has to foreclose on the collateral after a default.

Our documentation in these transactions have been of the loan or other credit agreements, all documents to assure that the lender obtains and perfects its security interest in the collateral, intercreditor agreements, subordination agreements, letter of credit-related documents, opinions of borrowers’ counsel and others. We have prepared sets of form loan documents and have also provided support on a limited basis in reviewing clients’ loan documents that have been generated by form loan programs.

In addition to representing private sector lenders and borrowers, we also have substantial experience in representing “mission-based” lenders whose loan programs address public purposes including job creation, area revitalization, economic development, disaster assistance and other “double bottom line” lending goals.

We have also provided representation in connection with other Uniform Commercial Code transactions including letters of credit, investment securities and sales of goods.

Commercial Lending: Clients and Transactions

  • Public agency-affiliated lender: all asset based loans to individual and entity borrowers and to all borrowers in specific retail projects
  • Commercial bank: multiple interest rate options loans with accounts receivable, inventory, equipment as collateral
  • Commercial bank: workout which required as additional collateral, limited partnership interests of borrower affiliate convertible to shares of stock of borrower’s corporate general partner
  • Financial institution: loan to borrower to enable the borrower’s purchase of a real estate secured promissory note and deed of trust from an institutional real estate lender

Practice areas