GLS represents banking and lending institutions from Puerto Rico and from the USA mainland in connection with their commercial, corporate and residential financing transactions. We work in every type of transaction that can be required by a financial institution such as: commercial loans, consumer loans, residential mortgage loans, reverse mortgage loans, construction loans, business loans, foreclosures, short sales, collateral review, asset-based financing, vessel financing, workouts of distressed loans and restructurings, disposition of non-performing loans, as well as letters of credit. We prepare and execute the documentation required for the perfection of said transactions. We provide the legal advice needed to determine the validity or risks involved for the financial institution regarding the constitution of collateral needed for the different credit facilities they offer.
When working with debt collection cases and their subsequent foreclosure procedures, our primary goal is to adhere to the time frames required by our clients and the regulatory agencies, maintaining continuous information of the status of the cases in a timely manner.
GLS has counseled financial institutions from abroad in the establishment of their business in Puerto Rico and after they are established continue to advise them in the implementation of policies and procedures required to comply with local law.
GLS also represents borrowers in transactions with non-client lenders.