We advised our architecture firm client and negotiated changes to several documents related to a $12 million state housing authority loan for the rehabilitation of a 150-unit multifamily housing development. They included an architect’s certificate, a consent to assignment of the architect’s agreement, and acknowledgment of a prior assignment of the agreement. Our negotiations ensured the architect’s liability exposure to the lender did not exceed what we had negotiated in the original owner-architect agreement. While supporting the project owner in satisfying its lender’s requirements, we focused on protecting the architect from unreasonable or commercially unusual liabilities.
