Banking & Lending

Wildman Harrold’s Banking & Lending Practice represents local and out-of-state banks and savings and loans in loan transactions and asset-based financings, including sale-leveraged leaseback transactions, lease-leaseback transactions, publicly funded sale, “off balance sheet” financing transactions, and public asset privatizations through “concession” agreement vehicles. Large finance companies seek our inter-disciplinary Practice for representation in real estate loans and equipment leasing transactions throughout the country. Our Practice counsels banking and lending clients in procedures designed to avoid exposure to claims by borrowers. We also defend our clients in lender liability actions across the country.

Our attorneys are company counsel in frequent matters relating to initial public offerings of bank holding companies, acquisition of other banks, merger/squeeze-out of minority shareholders, and defense of bank officers and directors in Federal Reserve disciplinary actions.

• Represented a developer in a $40.5 million acquisition and financing of a 306 unit apartment and townhouse complex in Ann Arbor for a condominium conversion. The project was financed by a senior $38 million loan, a $2.4 million mezzanine loan, a $2.3 million junior mezzanine loan, and $2 million in equity.
  
• Represented a publicly traded residential developer in a $75 million financing transaction for the construction of a high-rise condominium project in Chicago. The transaction involved negotiating a $61 million construction loan and a $14 million mezzanine loan as well as negotiating and preparing various joint venture agreements with the client’s joint venture partner.
  
• Represented the lead bank in a loan syndication in connection with credit facilities totaling $220 million, secured by real and personal property located at twenty-six separate facilities in six states. The work included negotiating and preparing all real estate loan and collateral documentation, coordinating and working with numerous local counsel, and coordinating and administering all aspects of real estate-related due diligence and title and survey review. This financing provided the borrowers with proceeds for the acquisition of assets and working capital for the operation of its processing, storage, and office facilities.