Our commercial lending team counsels lenders and borrowers in all types of commercial financing. We advise hundreds of institutions - from multinational financial organizations to community banks - across a variety of industries and transactions

Overview

Parsons Behle & Latimer's attorneys work with clients to identify the client's financial demands, provide resourceful and innovative solutions and structure deal teams from our diverse group – all with a focus on exceptional, cost-efficient service. To provide our clients with a full range of services in this area, the attorneys on our commercial lending team partner with members of our other practice groups devoted to corporate law, bankruptcy and restructuring, construction, litigation, environmental, intellectual property, tax and real estate. We know when to draw upon the experience of other Parsons' attorneys in these practice areas to efficiently address situations as they arise.

Team

Key Contacts

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Capabilities

Acquisition Financing

Parsons Behle & Latimer's commercial lending team's extensive acquisition finance experience enables us to guide clients through the challenges of financing transactions. We capitalize on our experience in banking and credit, capital markets, and mergers and acquisitions to advise clients at all stages of the acquisition financing process. At each stage of the acquisition, our attorneys address the complexities and other issues that commonly arise in this type of financing. 

Asset-Based Lending

For banks and institutional lenders, Parsons Behle & Latimer's asset-based lending team provides guidance in structuring and documenting such transactions as asset-based loans. Our full-service approach to commercial and asset-based lending includes advice and guidance about loan extensions and modifications, subordination agreements and other inter-creditor arrangements, including those with landlords; depositary banks; securities intermediaries and other custodians; and bond trustees.

Bilateral & Syndicated Lending

Parsons Behle & Latimer regularly represents banks and institutional lenders in structuring and documenting syndicated loan facilities (as agent or as participant), covering all industries. We handle matters ranging from nationally-syndicated transaction to local “club deals” with community banks coming together on transactions that are above any individual lender’s lending limit. Our attorneys know when and how to address the particular needs and concerns of a participating lender while protecting the interests of the lending group and the agent, in addition to the usual credit and documentation issues.

Legal Opinions

In many lending transactions, the lender will request a legal opinion to demonstrate that a person or business is in good standing and that the financing terms and conditions (including those related to security and perfection issues) are both valid and legally enforceable under state law. Parsons Behle & Latimer has attorneys licensed in many states around the nation and can help ensure the opinion letter meets all the requirements, so a loan can be approved and finalized.

Mezzanine Lending

Parsons Behle & Latimer represents a wide range of mezzanine lenders and private equity funds in connection with mezzanine finance transactions. We have extensive experience negotiating inter-creditor and subordination agreements related to such transactions.

SBA Lending

Loans guaranteed by the U.S. Small Business Administration (SBA) present unique challenges to lenders in underwriting, closing, servicing and collection procedures. Parsons Behle & Latimer's lender clients are required to comply with a complex web of ever-changing laws, rules and regulations. Federal regulators have become increasingly stringent in oversight of these loans. Our SBA lending team helps our clients navigate issues related to SBA lending and compliance.