Legal Structure Behind Construction Financing
Larry Andelsman of Andelsman Law
A developer lines up financing for a project. The terms look solid. During review, title issues surface, or an existing lien complicates the structure. What initially seemed straightforward now requires additional work before funding can move forward.
This is often where legal structure matters most — and where Andelsman Law comes in.
Based in New York, the firm represents construction lenders and developers involved in projects of varying size and complexity. Its work focuses on the legal infrastructure behind construction financing — including loan documentation, title review, closing coordination, and resolving issues that can affect how and when funds are released. Andelsman Law is licensed in New York, New Jersey, Connecticut, Pennsylvania, and Florida, and represents lenders nationwide.
Larry Andelsman explained that the firm works primarily with construction lenders financing projects across multiple stages. “Builders and developers need funds to build the projects, to acquire the land, maybe to refinance,” he said. “We work for the lenders that do those types of deals.”
That role often extends beyond individual transactions. Construction financing relies on consistent documentation and clear allocation of terms, particularly for lenders managing risk across portfolios and developers navigating multiple projects at once. The legal work behind a project determines how financing terms are defined and how responsibilities are set once a deal moves forward.
Andelsman Law has worked with clients in the community for years, particularly in Brooklyn and New Jersey. The firm has participated in the OJBA show for the third year. Larry said it’s one of the most valuable conferences they attend because so many long-standing clients are in one place.
“A lot of times, it’s planting seeds,” he said. “It’s putting a face to the name — the old way. You meet in person, you shake somebody’s hand.”
That perspective reflects how the firm operates more broadly. Much of the work centers on long-term relationships, with the same clients returning across multiple financing cycles.
Hear Larry describe how Andelsman Law works with construction lenders and developers on financing and legal structure.
0
