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

Event

Conducting Workplace Investigations

Join Verrill’s Erik Peters and Elizabeth Johnston on Wednesday, October 18, for Conducting Workplace Investigations. When and why should you open an investigation? Who is the best person to conduct it? Should you handle...

Matter

Successful Representation of Insurer before U.S. District Court for the District of Maine

Verrill successfully represented an insurer before the U.S. District Court for the District of Maine in an insurance coverage matter alleging that the insurer improperly denied a defense and indemnification to a landlord under...

Publication/Podcast

Corporate Transparency Act regulations will go into effect soon and will affect almost all startup companies

On August 18, the Maine Venture Fund published an article by Verrill Partner Gregory Fryer, “Corporate Transparency Act regulations will go into effect soon and will affect almost all startup companies.” In the article...

Matter

Elections and Constitutional Law: Successfully Challenged Certification of Initiative Petition

In a victory for consumers and the ride-hailing public, the Massachusetts Supreme Judicial Court recently barred the Secretary of State from placing on the November ballot initiative petitions proposed by companies such as Uber...

News

Gratitude for Anya Endsley

Blog

Catch-Up Contributions: IRS Provides Relief from Roth Requirements of SECURE 2.0

On August 25, 2023, the IRS issued IRS Notice 2023-62 , providing much needed relief for employers who have been struggling to implement Section 603 of the SECURE 2.0 Act of 2022 (“SECURE 2.0&rdquo...

Publication/Podcast

No Longer a Walk In The Park -- Entity Formation Under the U.S. Corporate Transparency Act

Presently, forming a corporation, LLC, or other entity in the U.S. can be done on a largely anonymous basis, without naming its owners and with only limited disclosures about managers, officers, and directors. Under...

Event

Annual Update: The Legal Year in Review

More details coming soon!

News

82 Verrill Attorneys Recognized by Best Lawyers® 2024, Including 10 Named Lawyers of the Year

Blog

How AI Can Alter Skill Contests

AI could very well be today’s “Modern Prometheus” in the world of skill contests. Earlier this year, the AI-generated photograph “The Electrician” was a finalist in the World Photograph Organization’s Sony World Photograph Awards...

Contact Verrill at (855) 307 0700