Blog

Selling property in New York City comes with a number of unique costs — and transfer taxes are often one of the biggest surprises for first-time sellers. In NYC, sellers are responsible for paying both the New York City and New York State transfer taxes at closing. For residential properties, the NYC transfer tax is

Every commercial real estate deal comes with opportunity—but also with risk. Whether you’re acquiring a stabilized asset, developing ground-up, or negotiating a joint venture, one overlooked clause or assumption can lead to costly consequences. At CPL, we work with clients across the full deal cycle, and we’ve seen firsthand the legal missteps that can derail

Buying real estate is exciting, but it’s also one of the largest financial commitments you may ever make. If you’re purchasing property with someone other than your spouse, whether it’s a partner, friend, family member, or business associate, you’ll want more than a handshake and good intentions. A well-drafted joint ownership agreement can protect everyone’s

In commercial real estate transactions, institutional lenders always require borrowers to maintain property insurance on its property. This insurance protects the lender’s collateral in the event of casualties to the property. To prevent risk exposure, most institutional lenders do not permit insurance policies that include coinsurance. Understanding what coinsurance means and how it works is

Buying an apartment in New York City can feel like navigating a maze — especially when financing is involved. One of the most critical protections for buyers is the mortgage contingency clause, and equally important, a funding contingency in the event the bank cannot approve the building. What Is a Mortgage Contingency? A mortgage contingency

Bridge and mezzanine loans have become essential financing tools for real estate investors and developers looking to close gaps, unlock equity, or move quickly on time-sensitive deals. Their flexibility is a major advantage, but that speed and creativity often come with increased legal complexity and risk. Unlike traditional bank loans, these structures can involve multiple