LENDING

A significant focus of our transactional practice is in advising domestic and foreign banks, insurance companies, and other financial institutions in complex real estate and commercial lending activities, with an emphasis on affordable housing and educational and social services facilities.

Real Estate Loans
We represent financial institutions in connection with acquisition, construction and term loans secured by fee and leasehold interests in real estate. We assist lenders making loans on the following types of properties:

Through our extensive experience as real estate practitioners, we understand the due diligence issues involved in real estate lending (such as title, survey, zoning, environmental and construction matters), and we assist our lender clients in distinguishing between significant issues and inconsequential details.

Business Lending and Credit Enhancements
We assist banks and other private lending institutions in closing business loans and issuing credit enhancements including:

  • Term loans
  • Revolving credit facilities
  • Letters of credit
  • Equipment financings

Restructuring Troubled Debt
We handle loan workouts, foreclosures, and renegotiations of troubled loans.

Agency, Participation, and Intercreditor Agreements
We assist lenders in clarifying and documenting their relationships with each other through co-lending agreements, agency agreements, loan participation agreements, and intercreditor agreements.

Local Counsel
We act as local counsel to out-of-state institutions in closing financing transactions in Massachusetts.

Representative Transactions

  • Construction to permanent financing for Massachusetts condominium project providing 80 units of affordable and mixed income housing with ground floor commercial/retail space
  • Construction financing for adaptive reuse of a historic, long-vacant Connecticut mill building into 160 units of mixed-income housing
  • Permanent financing for 47-unit Phase I of phased New Hampshire condominium project
  • Loans by national bank to purchaser of distressed apartment projects along the East Coast
  • Mortgage loan, line of credit and letter of credit facilities by regional bank to large social service agency
  • Loan by national bank to redeveloper of historic state mental health hospital into office, retail and residential mixed use project
  • Purchase by Boston area bank of MassDevelopment tax exempt housing bonds

 

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