- Real Estate Development
- Real Estate Litigation
- Solar Energy
- Commercial Finance
- Acquisitions and Dispositions
- Corporate Real Estate
- Land Use Permit Advocacy
- Bankruptcy and Creditor Rights
- Environmental Law
- Business Litigation
- Alternative Dispute Resolution
- Product Liability
- Professional Fiduciary, Estate, and Probate Litigation
- Professional Liability
- Employment Law
- Construction Law
- Corporate/General Business
- Financial Recovery Group
Major commercial finance clients rely on Sherin and Lodgen for three reasons:
- Our efficiency. We know what elements of a deal are important to clients. We avoid wasted time and resources–our clients’ time and resources along with their customers’ and lawyers’. By focusing on the important issues and providing consistent and concise documentation with quick turn-around, we expedite the closing process.
- Our ability to anticipate. We advise our lenders as to a loan’s structure at the beginning of the underwriting phase, as well as develop workout strategies later for troubled loans. We seek to avoid unnecessary legal fees for the lender’s customers. We know that satisfied borrowers lead to repeat business for the lender.
- Our depth. There are over a dozen experienced lawyers on the firm’s commercial finance team. Several have over 20 years experience, with additional expertise in environmental, tax, zoning, title and leasing issues. Clients appreciate our attorneys’ depth of experience and expertise to help them make sound business judgments.
Our experience representing real estate developers and operating companies of all types makes us more capable, efficient and credible attorneys for our lending clients. Our firm is especially well regarded in the areas of private placements and equity participation and restructuring/workout.
Our commercial finance attorneys represent:
- National and local banks
- Life insurance companies
- Mezzanine lenders
- Government and quasi-governmental agencies
- Other conventional and non-conventional financing sources
In particular, we close:
- Construction and term real estate loans
- Commercial loans secured by equipment, inventory and accounts receivable
- Commercial mortgage-backed securities loans
- Real estate and commercial lines of credit
- Bond financings
- Mezzanine loans
- Multi-state portfolio loans
- Syndications and participations
- Equity financing for divisions of our institutional lender clients which may involve put rights and warrants
These loans may be secured by:
- Office, retail, industrial and warehouse properties
- Residential developments, including affordable housing, senior housing, and assisted living projects
- Condominiums and cooperatives
- Hotels and resorts
- Power plants and utility facilities
- Mixed-use projects, including retail, office and residential properties
In addition, the firm is one of the leading firms in New England for solar financing and New Markets Tax Credits transactions.
Private placements and equity participation
Our financing experience includes assisting clients with raising capital through private placements of stock and debt, joint ventures and other investments. We also represent clients investing in businesses, assisting in their due diligence and helping them better understand the businesses in which they wish to invest or lend. Our experience ranges from start-up financing to venture capital investment.
We have represented lenders in the past three major downturns, during which loans needed to be reworked or liquidated. Our lawyers have enough experience and maturity to know that the business cycle may become longer. We are, however, far from passé.
We have the workout and bankruptcy skills to give our clients the necessary information to select the best strategy for their bottom lines. These strategies may include encouraging a lender’s customers to avoid bankruptcy by arguing the merits of an assignment for the benefit of creditors in lieu of a Chapter 7 filing. Or, the circumstances may dictate the need for a receiver to be appointed to preserve the client’s collateral against the borrower’s inattention or negligent actions. Occasionally, the client must face its borrower’s bankruptcy filing. We have lawyers who know how to seek relief from the automatic stay and represent the lender’s interests in all aspects of any bankruptcy proceeding.
- Represented the senior construction lender in a complicated loan transaction of $40.5 million with over $20 million in junior debt, for a mixed-use leasehold condominium in Boston. The condominium included 145 units of market and affordable housing. The transaction was made particularly complicated because the bank’s mortgage was secured by a sub-ground lease with a hospital overlaid by a ground lease with a state agency, a very rare scenario. The deal had several different sources of financing that had to be carefully coordinated including junior financing from 12 federal and state government agencies, low income tax credits, and a hospital grant.
- Represented lender in a $32 million leasehold financing. The financing will redevelop an exisiting technology office park for mixed use in Newton, Massachusetts. The transaction included a participating lender.
- Represented commercial bank in connection with a $61 million syndicated construction/mini-permanent loan to a joint venture formed by a national multi-housing developer and a national life insurance company to finance the construction of a 364-unit multi-family rental development which was permitted under Massachusetts General Laws Chapter 40B.
- Represented national life insurance company in a $113 million portfolio loan secured by 17 properties in 9 states.