Banking / Financial
Our Firm has deep and strong experience in banking and financial practice. We regularly represent individuals and business entities seeking counsel for loan financing, refinancing, debt restructuring and loan workouts, and we know the importance of understanding the intricacies of each separate deal and the needs of our clients. At the same time, we represent lenders and financial institutions who are in need of counsel to document and properly close loans and other financial transactions they wish to enter with their customers, and to secure their pledged collateral.
Because we are experienced on both sides of the table we have a unique perspective that allows us to recognize the common issues of each transaction, and to understand the mindset of each side negotiating anything from a routine mortgage refinancing to a complex workout or debt restructuring. Our attorneys are well versed in review and draftsmanship of complex loan and financial transaction documents, and can tailor them to any level of detail.
In addition to financial transactions we have significant experience in litigating claims arising out of loans, mortgages and other secured financial transactions. We represent lenders seeking to collect on debts and to recover collateral pledged to them. We also represent borrowers and guarantors seeking to protect their rights, preserve their assets from loss, and to enforce their loan covenants and lender’s obligations to act in good faith.
Since the Financial Crisis, we have counseled and guided several of our clients caught in the severe economic downturn through a strategic, complex web of debt negotiation and reorganization, structured loan workouts, negotiated debt forgiveness, and have saved our clients more than $80,000,000 in principal and interest otherwise owed. During this difficult time, we have protected our client’s ongoing business operations by carefully giving advice on a daily basis.
We have handled more than $150,000,000 in financing and refinancing transactions on behalf of both lenders and borrowers and have been appointed as lead attorneys to negotiate the sales of real estate portfolios in excess of $50,000,000.implememting tax deferral and other strategies in the process.
Our Firm’s attorneys also have experience in investigating and litigating bank fraud, and in the defense of those individuals and institutions accused of improprieties and negligence involving financial instruments.
We appear in Chancery and federal courts to enforce rights regarding secured transactions and to litigate our clients’ claims, including foreclosure, debt collection, loan forbearance/modification and defaults, replevin, garnishment and enforcement of litigants’ rights.
If you are seeking attorneys with a high level of sophistication, business acumen and experience to assist you with financial issues, call our Firm at (201) 947-4100 for a consultation.
Banking / Financial areas of focus include:
- Asset Protection
- Debt Negotiation
- Loan Forbearance, Modification and Restructurings
- Loan Review