Commercial Finance & LendingOverviewSuccessful relationships between lenders and commercial borrowers depend on clearly defined agreements. Our Commercial Finance and Lending team helps clients explore the full spectrum of finance options and develop the complex contractual terms that are key to mutually beneficial relationships. Clients benefit from our focus on strategic issues and in-depth knowledge of a wide variety of industries, which enable us to negotiate terms that protect them throughout the lending relationship. We also offer creative solutions to challenging situations, including:
- Providing practical, effective advice in distressed financial situations
- Structuring and closing complex financial transactions
- Resolving difficult and adversarial financial disputes (including through litigation)
- Facilitating strategic acquisitions from distressed sellers (in and outside of bankruptcy)
From structuring the transaction to performing due diligence, negotiating terms, drafting documentation, securing complex collateral, coordinating all aspects of the deal, and resolving post-closing issues, our team helps facilitate timely and cost-effective deal flow. ExperienceWe represent companies of all sizes in many different industries, institutions that finance their operations and growth, and bond issuers and underwriters. Our clients include nationally and locally prominent commercial banks, finance companies, insurance companies, and other lenders, as well as borrowers seeking secured or unsecured financing arrangements. Our experience includes:
- Revolving and term loans
- Secured transactions (including asset-based lending, chattel paper financing, floor plan financing, and aircraft and vessel financing)
- Commercial mortgage and construction loans
- ESOP loans
- Intercreditor agreements, loan syndications, and participations
- New Market Tax Credit financings
- Mezzanine loans
- Seller-financed transactions
- Leveraged buyouts
- Venture capital financing
- Private equity
- Letters of credit and reimbursement agreements
- Foreign exchange transactions
- Commercial leasing, equipment financing, and leveraged leases
- Agricultural and other specialty finance
- Purchase and sale of individual loans and loan portfolios
- Interest rate swaps and other derivative transactions
- Public project finance
- Sales of accounts and other off-balance-sheet financing
Our attorneys counsel lenders, borrowers and derivatives counterparties on the LIBOR phase-out and its impact on contract terms. We carry out both large- and small-scale contract amendment projects, replacing LIBOR references with our customized fallback terms. We ensure that our clients are up to speed on the latest developments related to the Secured Overnight Financing Rate (or “SOFR,” the USD-LIBOR replacement), and other industry initiatives related to the transition away from LIBOR. Our attorneys are also available for trainings on benchmark reform and how to most efficiently and effectively prepare for the “end” of LIBOR in 2021. Related People Preview Attorney's BiographyClients across multiple industries turn to Michael to coordinate their more complex business transactions. They value his quick assessment of issues and their implications, as well as his creative yet effective solutions to the many issues that arise during the course of a transaction.Michael’s practice focuses on mergers and acquisitions, buyout transactions, securities regulation, and venture capital investment transactions.  Preview Attorney's BiographyAlec serves as primary outside counsel to national, regional, and community banks on interest rate swaps, foreign exchange, commodities, and other derivatives product lines, including documentation for customer transactions and Dodd-Frank Act compliance. In addition, he represents end-users on interest rate swaps, foreign exchange, commodities, and other derivatives transactions and compliance. Alec also practices in the areas of commercial lending, corporate finance, and mergers and acquisitions.  Preview Attorney's BiographyMike is a member of the firm’s Management Committee and serves as the Firm Hiring Partner. He is also the former chair of the firm’s Transactional Practice Group. He is an experienced transactional attorney who serves as outside general counsel to many real estate investment and corporate clients, and is seen as strategic counselor and advisor.  Preview Attorney's BiographyNancy is a partner in the Real Estate group. Her more than 30 years of experience covers a broad range of real estate law, including assisting clients in purchases, sales and leases of property, and development and zoning work; representing borrowers and lenders in real estate loans; assisting in foreclosures and workouts; advising on questions of condominium law; negotiating construction and architects' contracts; and assisting in real estate litigation.  Preview Attorney's BiographyVince represents clients involved in sophisticated transactions, including commercial lending; business planning and formation; and mergers, acquisitions, and divestitures.  Preview Attorney's BiographyClients call on Hamang for guidance on the federal, state and local tax and business law issues stemming from complex business transactions. His strategic counsel encompasses mergers and acquisitions, tax-free reorganizations, spin-offs, new market tax credit financings, historic tax credit financings, partnerships and joint ventures, REIT acquisitions, real estate transactions, and renewable energy tax incentives.  Preview Attorney's BiographyAnn works with business owners, investors, and lenders, establishing and navigating their financial relationships and resolving matters relating to financial distress. Her practice is focused on commercial transactions, commercial litigation, bankruptcy, and other insolvency situations.  Preview Attorney's BiographyBrent represents clients on the full spectrum of finance issues. His strong background in commercial, real estate, and municipal finance and transaction experience have generated an excellent track record in these areas.
Representative matters on behalf of lenders and borrowers encompass negotiating and documenting secured and unsecured financing transactions.  Preview Attorney's BiographyKelly assists clients and Michael Best lawyers with business entity creation and maintenance, as well as a broad range of business transactions encompassing: acquisitions, mergers, conversions, foreign qualifications, tax exempt status, private placement of securities, federal securities law compliance, state business tax credits, new market tax credits, as well as general obligation and revenue bonds. Kelly A. Teelin* *Names that appear with an asterisk indicate a Michael Best professional not admitted to practice law.
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