Louisiana offer real estate buyers many unique features. For one, it is the only state in the union with a heavy French influence. New Orleans is the best example of this with its French Quarter neighborhood with its distinctly French-style buildings. The New Orleans culture is steeped in Jazz tradition and Cajun spices and gumbos. Then of course, you have the state capitol of Baton Rouge. This city still has the French influence without the Mardi Gras and other chaos. It is the home of Louisiana State University, making it the major hub for college football in the state. It currently has a population between 300,000 and 400,000 and is doing very well financially with a median home price that continues to rise in the mist of free-falling national prices.

If you are considering buying real estate in Louisiana, you would do well to sit down with a real estate agent and discuss all your concerns and make a list of your priorities. You might decide whether you want to buy in a quiet, rural area or whether you would prefer property in the hustle and bustle of one of the state’s major cities like Baton Rouge or New Orleans. Just be aware that city real estate is typically more valuable and expensive than property outside of city limits. You should let your real estate agent know if it is important to buy within the boundaries of certain school districts or nearby one of Louisiana’s many colleges or universities. And of course, if you are looking for a rental property it will be helpful to determine whether you are interested in single family homes, duplexes, several units, or large apartment or condo buildings.

Your real estate agent can probably steer you in the right direction when it comes to finding the right mortgage loan for your purchase. You will need to decide between a fixed rate home loan and an adjustable rate mortgage. The former is the safest option, but the latter can offer lower initial rates. You will also need to figure out how much of a down payment you are willing to for over as well as how long you want the loan to last. It could be anywhere from five to forty years. And if you are looking for the best mortgage interest rate you could consider paying a few points in order to buy down the rate and save money in the long run.

Slattery, Marino & Roberts, PLC represents commercial banks, savings and loan associations, and other financial institutions in their lending and credit generating capacities, including the commercial finance and asset-based lending arenas. We represent foreign and domestic banks, commercial finance companies, manufacturers, equipment leasing companies, and institutional investors in connection with secured loan.

transactions and related financings. Our attorneys are experienced in negotiating and documenting loans secured by all types of UCC collateral, real estate, vessels and other maritime-related assets, with a high degree of expertise in loans secured by oil and gas properties. We are also experienced in lending to ESOPs and in structuring leveraged leases, leveraged acquisitions, and leveraged buy-out financings. We also provide advice on letters of credit and other credit enhancement vehicles. We have represented commercial finance and asset-based lenders in foreclosure and enforcement of security rights, bankruptcies, and other creditor rights’ controversies, including defense of lender liability claims.

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