Client Success

Sherin and Lodgen represents Needham Bank in Main Street Lending Loan

January 7, 2021

Sherin and Lodgen represented Needham Bank in a $20 million commercial loan to a national live entertainment company. The loan was administered through the Main Street Priority Loan program.

The Federal Reserve established the MSLP to support lending to small and medium-sized for-profit businesses and nonprofit organizations which were in sound financial condition before the onset of the COVID-19 pandemic.

The Sherin and Lodgen team was led by Gary M. Markoff and Ian T. Lane, partners. S&L’s commercial finance team represents lenders and borrowers on construction and term real estate loans, commercial loans, mezzanine loans, multi-state portfolio loans, syndications and participations, and CMBS loans.

For decades, Needham Bank has been known as “the Builder’s Bank” because of its highly regarded expertise in serving builders and developers quickly and efficiently. Today they are the bank “for the dreamers, the doers, and the builders – people who are making their community a better place to live and work.”