Since its founding, our firm has provided both lenders and borrowers with a comprehensive range of sophisticated legal advice concerning structuring, documenting and securing commercial loan transactions of all types, including:
- mortgage loans
- development and construction financing
- revolving credit facilities
- commercial and industrial and other asset-based loans
- syndications and loan participations
The commercial lending and creditors’ rights practice areas are combined at Susman, Duffy & Segaloff for a simple but compelling reason: an attorney who drafts loan documents must have a complete and practical understanding of the remedies provided for in those documents. In today’s complex lending environment, it is essential that the attorney understand the connections among the various loan documents in order to maximize the creditors’ recovery should that become necessary. The integration of these practice groups allows us to provide our clients with the best possible results without unnecessary expense or loss of time.
We have helped our institutional lending clients structure, negotiate and close many complex transactions, involving the development of commercial office buildings and shopping centers, revolving and term loan credit facilities for multi-state leasing companies, multi-currency facilities for foreign companies, and letter of credit and reimbursement agreements supporting the issuance of industrial development bonds. Recent engagements included successfully representing the lead lender in participated asset-based and real estate secured loans to an oil supply company, with multiple credit facilities aggregating more than $56,000,000, which required expertise not only in secured transactions but also in real estate and environmental law. We also successfully represented the lead lender in participated revolving loans, capital expenditure lines of credit and term loans aggregating more than $113,000,000 to a metals manufacturer with warehousing facilities throughout the United States.
As counsel to commercial borrowers, we routinely represent corporations, partnerships and other business entities in both real estate and asset-based borrowings. We take particular pride in our representation of borrowers in HUD-insured multifamily housing transactions, including loans funded by GNMA securities and by the sale of low income housing tax credits, and loans involving Multifamily Mortgage Revenue Bonds. We were counsel to the limited partnership borrowers that closed the first seven HUDPreservation Loans in the country involving in excess of $26,000,000.
Our attorneys have represented creditors in many of the high-profile Chapter 11 bankruptcies and workouts experienced by regional lenders in recent years. We are well-versed in all aspects of insolvency law, including contested adversary proceedings and cram-down issues. We have represented numerous creditors in bankruptcies and foreclosures involving receivers, environmental issues, and multi-jurisdictional security issues.