OverviewPatrick Roberts of Gray•Duffy’s Encino office assisted Grandpoint Bank with the preparation of documentation for structuring a lease agreement between the bank’s borrowers and sub-borrowers.
DiscussionPatrick Roberts of Gray•Duffy assisted Grandpoint Bank in the review and preparation of certain lease documents between the bank’s borrower, Alliance Funding Group, and their lessee, SR2020, Inc. This included reviewing pertinent loan documentation and determination of the need for additional steps to properly perfect their security interests in the assets of the borrower. In addition, Mr. Roberts prepared a rider to the lease documentation between the bank and SR2020, Inc. He also evaluated the ability of the bank to enforce the lease obligations under the terms of the agreement successfully concluded the transaction.
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