Commercial Finance
Corporate Finance
We represent banks, insurance companies, and other institutional and private equity source lenders in connection with all types of secured and unsecured corporate financing, including term loans, revolving credit loans and credit lines.
Real Estate Finance
We also represent our institutional clients in connection with structuring and closing of sophisticated real estate financing transactions, including construction, interim and permanent financings of office buildings, shopping centers, apartment buildings, multi-use, single-family, condominium, and cooperative developments. The firm also acts as counsel to lenders in industrial bond financings, industrial development agency letter of credit enhanced and straight lease transactions.
Trade Finance
We represent lenders and borrowers in connection with a variety of trade finance lending transactions including pre-export financing, forfeiting transactions, trade finance lines of credit secured by receivables, and other hybrid arrangements including trade finance and capital financing structures.
Loan Restructures and Workouts
We advise our lending and financing clients in negotiating and documenting loan workouts and restructures in troubled credit situations, including deeds-in-lieu of foreclosure, consensual and nonconsensual foreclosures, and structured and restructured repayment plans. Using our Commercial Litigation specialists, we advise our lending clients in bankruptcy proceedings and support them in the structuring and implementation of planned and contested bankruptcy reorganizations and/or liquidations, to ensure the greatest recovery.
McCarthy Fingar’s Leadership in the Community
McCarthy Fingar’s lawyers are often in the news and are frequent lecturers on many different topics. Click on news and speaking engagements above to check out what our lawyers are doing.
Contact Us
Commercial Finance lawyers are dedicated to our clients’ success. If you think you may require our assistance or have any questions, please contact Joseph P. Harrington by email (jharrington@mccarthyfingar.com) or phone (914-385-1035).
Harrington Lectures on Commercial Finance for Pace
Joseph P. Harrington was part of a panel presentation on commercial finance and real estate development issues for a two-day program on May 17th and 18th, 2007 in White Plains, New York, sponsored by the Real Estate Law Institute of the Land Use Law Center at Pace University School of Law.
Harrington Lectures on Commercial Lending issues
Joseph P Harrington lectured on April 20, 2005 or Pace University School of Law in White Plains, New York on Commercial Lending issues as part of a program on “Commercial Real Estate Transactions”.
Harrington Lectures on Commercial Lending Issues
Joseph P Harrington lectured on April 21 and 28, 2004 for Pace University School of Law in White Plains, New York on Commercial Lending issues as part of a program on “Commercial Real Estate Transactions”.
Harrington Lectures on Commercial Real Estate Transactions
Joseph P. Harrington lectured on January 17, 2001 on Commercial Real Estate Transactions at Pace University College of Law as part of Pace’s Continuing Legal Education program
Representation of Private Banking Client, as Lender, in a $18.8 Million Multi-State Secured Financing
Joseph P. Harrington, Yvonne St. John
Commercial Finance – Secured Lending – Multi-State Financing
Our commercial finance lawyers sometimes represent banks in transactions involving multiple parcels in multiple states. In one such transaction, Joe Harrington and Michelle Santoro represented one of the firm’s private lending clients on a multi-loan transaction, totaling $18.8 million, secured by four parcels in 3 states.
Commercial Finance – Real Estate Transactions – $21 Million Construction Loan for Development of Mixed Use Shopping Center
Commercial Finance – Real Estate Transactions – Construction Loan for Mixed Use Shopping Center
McCarthy Fingar’s Commercial Finance lawyers often represent our lending clients in commercial Real Estate Transactions. Here, Joseph P. Harrington represented the lender on a $21 million dollar construction loan for the development of a mixed use shopping center with a national supermarket as the anchor tenant under a long term lease.
Representation of Banking Client in Successful Restructure of Corporate Debt
Milton R. Gleit, Joseph P. Harrington
Commercial Finance – Corporate & General Business – Successful Restructure of Corporate Debt
Our Commercial Finance & Corporate lawyers often work together to assist our banking and other clients. Here, Joseph P. Harrington and Milton R. Gleit represented one of our banking clients in restructuring a defaulted corporate loan. As part of their work, Joe and Milt negotiated and documented the bifurcation and restructure of a series of defaulted term loans. The creative outcome was that fifty percent of the total debt was consolidated into a single new term loan; and the remaining fifty percent was converted into a preferred equity position in the restructured borrower.
Negotiation & Documentation of Work-Out/Restructure of Defaulted Mortgage Loan for Banking Client
In addition to closing commercial loan transactions for our banking clients, our Commercial Finance & Real Estate Transactions lawyers sometimes assist clients on the work-out and/or restructuring of a problem loan. On behalf of one of the firm’s banking clients, Joe Harrington successfully negotiated and documented the restructure of a defaulted loan secured by a first mortgage on an office building, thereby enabling the client to convert the defaulted loan into a performing asset.
Commercial foreclosure, then Negotiation & Documentation of Work-Out/Modification of a Defaulted Mortgage Loans for private lender
Joseph P. Harrington, Yvonne St. John
Commercial Finance – Successful Work-Out/Modification of Defaulted Mortgage Loans
In addition to closing commercial loan transactions for its banking clients, the firm from time to time assists those clients and private lenders with commercial foreclosures, which sometimes leads to the work-out and/or modification of a problem loan. On behalf of one of the private lending clients, Michelle L. Santoro, with the assistance of Joseph P. Harrington, successfully obtained a final judgment of foreclosure and sale; however, on the eve of the scheduled sale, negotiated and documented a settlement and modification of the defaulted loans, to be secured by a first mortgage on a community center, thereby enabling the client to convert the defaulted loans into a performing asset.
Representation of Banking Client, as Lender & Administrative Agent, in $90 Million Multi-Bank Secured Financing
Commercial Finance – Syndicated Secured Lending Transaction
Extending Term of Maturity of Secured Note
Commercial Finance – Corporate & General Business – Extending Term of Maturity of Secured Note
Our Corporate lawyers have much experience in representing clients making loans or investments. Here, Milton R. Gleit represented a note holder to obtain a three year extension of maturity for approximately $2 million of additional cash consideration and a security interest in all assets of the corporate maker.
| Presenter | Description | Organization | Date |
|---|---|---|---|
|
Joseph P. Harrington |
“The Fundamentals of Financing Real Estate Transactions” |
Pace University School of Law, White Plains, New York |
03/04/2010 |
|
Joseph P. Harrington |
Commercial Finance and Real Estate Development |
Real Estate Law Institute of the Land Use Law Center at Pace University School of Law, White Plains, New York |
05/17/2007 |
|
Joseph P. Harrington |
Commercial Lending Issues, as part of a program on “Commercial Real Estate Transactions” |
Pace University School of Law, White Plains, New York |
04/20/2005 |
|
Joseph P. Harrington |
Commercial Lending Isues,as part of a program on “Commercial Real Estate Transactions” |
Pace University School of Law, White Plains, New York |
04/21/2004 |
|
Joseph P. Harrington |
Commercial Real Estate Transactions |
Pace University College of Law, White Plains, New York |
01/17/2001 |