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The Banking and Finance Group has wide experience in the commercial lending and leasing areas, including the more obvious areas of commercial lending, asset-based lending and real estate lending. We represent a highly diverse group of commercial lenders and leasing companies in both the documentation of credits and the working out and litigating of special assets. The Group also represents purchasers of individual loans and loan portfolios. Our clients include banks, finance companies, commercial leasing companies and other commercial lenders, as well as private equity funds and individuals. Our lender representation in real estate related loans is particularly significant, with experience in construction financing, permanent financing, mezzanine loans and various hybrid finance products. Our attorneys are proficient in many esoteric areas including technology lending, industrial revenue bonds, condominium lending, contractor lending, construction lending and financing of other lenders (e.g. mortgage-based lenders). Our team also offers a wealth of experience in understanding government backed loans, including 7a, 504, B&I loan programs, construction and "piggyback" programs offered through the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA).
Programs
As a result of our many years of experience in reviewing loan files, drafting loan documents and handling workouts, we are able to offer our clients flat fee arrangements for special projects and large volumes of work. Fee programs have been arranged for loan documentation, loan file diligence prior to a portfolio purchase, loan file review in preparation for pre- or post- bank takeover/sale, and workouts/foreclosures. These programs typically consist of either a per file flat fee, a blended rate per hour for all personnel working the files and/or a volume discount based upon a rebate program.
Recently, we contracted with a bank client on a per file flat fee basis to send our SWAT team in for three days to review 300 commercial loan files. Using our checklists, we provided a summary page for each loan detailing the deficiencies, if any, for each loan, and our recommendations for loan amendments and/or workouts.
Services
- Loan documentation, closings, and restructurings
- Forbearance agreements
- Replevins
- Foreclosures
- Bankruptcies
- State court litigation
- Loan file review
- Due diligence
- Post closing matters
- SBA lender representation
- Client seminars on the above services
