Our Commercial Finance & Lending attorneys work closely with clients to negotiate and structure loans, and, when necessary, to navigate the loan workout process. Our work with both lenders and borrowers enables us to focus on issues that truly matter to both sides of a loan transaction, resulting in efficient negotiation and cost-effective representation.

We work not only with commercial banks, finance companies, insurance companies, and other lenders, but also with business borrowers in connection with commercial lending and financing of all types, including real estate loans, asset-based lending, and equipment lease financing.

Our team has extensive experience representing parties to loan syndications; acting for parties to corporate and commercial bank lending transactions to obtain working capital and capex loans, acquisition lines, revolving credit facilities, secured and unsecured lines of credit, mezzanine loans, and more; and serving as local counsel to lenders in large international and multistate loan transactions. We represent lenders or borrowers in connection with complex real estate financings (including not only borrowings for acquisition and construction capital for retail, office, and industrial projects, but also permanent financing such as “conduit” lending for securitized real estate investments). The group has extensive experience with the Department of Housing and Urban Development (HUD), Financial Authority of Maine (FAME), the Small Business Association (SBA), Farm Credit, Rural Development, and other government-supported loan programs.

Our attorneys have served as bond counsel or borrower's counsel in connection with numerous tax-exempt bond financings in New England and across the country.

Commercial lenders for whom Verrill acts regularly as lender's counsel include Bank of America, N.A., KeyBank, N.A., People's United Bank, N.A., and Bangor Savings Bank, to name just a few.

Firm Highlights

Matter

Management Audit

Verrill represented Emera in its 2016 distribution rate case before the Maine PUC. The case involved issues relating to significant new capital investments, including Emera's new customer information system and a controversial substation investment...

News

Verrill Partner Recognized as a Leading U.S. Bankruptcy and Restructuring Lawyer

(August 25, 2020) – Verrill partner Roger A. Clement, Jr. was recognized in the inaugural 2020 Lawdragon 500 Leading U.S. Bankruptcy and Restructuring Lawyers for excellence in his practice. Lawdragon introduced the first edition...

Blog

Action Item & FAQ: New Maine Paid Leave Rules Address Business Concerns

On January 1, 2021, LD 369, An Act Authorizing Earned Employee Leave takes effect for Maine employers. Passed by the Legislature in 2019, Maine employers have been patiently waiting for clarification as to the...

Blog

Financial Institutions . . . In the News

The July 2020 U.S. Foreclosure Market Report was released. ( DS News 8.27.2020) Federal Chairman Jerome Powell shows a plan to bolster the economy for the long-term. ( The Hill 8.26.2020) A May report...

Publication/Podcast

Domestic Discovery for Foreign Arbitrations? Location, Location, Location!

International transactions can generate international disputes. A party to a lawsuit in one country may believe that a non-party in another country has information that could be put to good use in the case...

Matter

2017 Emera Distribution Rate Case

Verrill represented Emera in its 2017 distribution rate case before the Maine PUC, which included: defeating Staff's proposed reduction to allowed return on equity for "management inefficiency;" approval of new expenditures, such as an...

Publication/Podcast

Zoom ADR: Best Practices for Virtually Every Virtual ADR Event

As the post-COVID-19 “new normal” comes into focus, it is unlikely that civil jury trials will happen in many jurisdictions until at least the spring of 2021. For family law matters, cases involving children...

Blog

Allocation of Medical Loss Ratio Rebates and Premium Refunds

One consequence of the current COVID-19 crisis for group health plans has been the significant reduction in employee preventive care and elective medical procedures as people shelter in place and socially distance. When group...

News

Michael K. Fee to Lead Verrill’s Nationally-Recognized Health Care and Life Sciences Practice Amidst Recent Changes

(August 31, 2020) – Verrill is pleased to announce Michael K. Fee as the new leader of Verrill’s nationally-recognized Health Care & Life Sciences Group. The Group has a long history of representing a...

Event

Employee Non-Competition and Non-Solicitation Restrictions: Traps for the Unwary

On Tuesday, October 6, employment and labor attorneys Tawny Alvarez and Scott Connolly will be presenting with The Middlesex Corporation Vice President and General Counsel Joshua Wernig for Verrill and ACC Northeast's program, Employee...