The Law Office of Jasleen K. Anand, P.C. has been successful in serving clients in a variety of industries germane to community economic development such as tax-exempt, finance, commercial, retail, and industrial real estate, and public policy. The Law Office of Jasleen K. Anand, P.C. has furthered its scope by serving faith-based organizations, which are now becoming more engaged in the construction and rehabilitation of affordable housing, redevelopment of neighborhood commercial districts to include retain and trade, formation of businesses, and the infusion of loans and equity investments to develop neighborhoods by creating and sustaining meaningful economic resources in low-income communities.
Our Firm is dedicated to the commitment of representing faith-based organizations which are dedicated to community economic development in urban communities. We believe that faith-based organizations are the most valuable asset in this endeavor- politically, financially, and influentially in the urban communities.
The Firm assists Faith-Based Organizations in the following manner:
ORGANIZATION STRUCTURE-
- Form the non-profit entity- 501(c)(3)
- Structure business entities such as Community Development Corporations- CDCs
- Assist in obtaining certain designations from the local municipalities
- Draft and negotiate pre-development and/or development agreements as well as joint ventures between non-profit and for-profit groups
ACQUISITION/SITE CONTROL-
- Assist in the Zoning Application Process
- Assist in the Verification of Title/Ownership
- Review and Assist in clearing Title
- Initiate Quiet Title Action
- Assist with Environmental Issues
- Provide guidance on historic designation of property and assist in obtaining relevant approvals
- Review Surveys
- Review Market Study and Appraisal Reports
FINANCING-
- Prepare Financing Proposals
- Negotiate Terms of Financing
- Obtain Commitment Letters or Letters of Intent
- Obtain Financing Requirements or Due Diligence
- Research Restrictions or Guidelines
- Obtain Firm/Final Commitments
- Review of Loan Documents and Preparation of Due Diligence Requirements
CONSTRUCTION-
- Negotiate terms of Business Relationship with the General Contractor
- Research Requirements of Funding Agencies
- Review Cost Estimates and Permit Processes
- Assist in the discussion of Security Issues
- Review Insurance Requirements and Documentation
CLOSING-
- Extensive Dialogue with appropriate legal counsel to review and refine closing documentation
- Review of all lenders’ loan agreements and corresponding security instruments
- Participate at all construction and permanent loan closings
POST-CLOSING-
- Review, Revise, and Negotiate relative to sworn statements and waivers of lien for disbursement
- Monitor Compliance with Construction Contract by Contractor
