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

Change of Control of Emera Maine

Verrill represented Emera Maine, and its affiliates Chester SVC Partnership and Maine Electric Power Company (the “Utilities”), before the Maine PUC with respect to the Utilities’ request for Commission approval of the change of...

Publication/Podcast

Is the New U.S.-China Agreement What Was Prescribed?

The trade relationship between China and the United States has been top of mind for businesses over the past year. In spring 2018, Chinese President Xi Jinping denied the U.S. Government's request to end...

News

Westport's Move Mentioned by Westfair Online

In early February of 2020, our Westport, Connecticut office relocated to 355 Riverside Avenue. The move received attention from Westfair Online and mentioned our focus on future and function. Attorney Barbara Young is quoted...

Event

Northeastern University RISE Expo

Verrill is sponsoring Northeastern University's RISE Expo on April 9, 2020. Our attorneys, Rob Hover, Dean Phelps, Lin Hymel, Beverly Hjorth, and John Powell, will attend and judge student's work, as well as interview...

Blog

Maine Solar Boom: Over 1.5GW of Distributed Solar Capacity in the Queue

Blog

SECURE Act: Change to RMD Trigger Age Should Trigger Your Attention Now

As summarized in our January 7 Client Advisory , the SECURE Act includes many changes that affect the design and administration of retirement plans. One of those changes is the increase to the trigger...

Publication/Podcast

2020 Annual Employment Law Update Materials

On Thursday, January 30, members from Verrill's Employment & Labor group, as well as some from the Employee Benefits & Executive Compensation group, conducted a full-day seminar full of employment law related topics that...

Matter

Power Purchase Agreements

Represented a New York wind developer in proceedings in Connecticut, Massachusetts, and Rhode Island to obtain regulatory approval of power purchase agreements with utilities in those three states pursuant to their tristate clean energy...

Event

2020 OHRP Exploratory Workshop

Health care attorney Emily Fogler will be presenting at the 2020 OHRP Exploratory Workshop in the third session, discussing sharing responsibilities and protecting participants - redefining roles in the single IRB era. Stay tuned...

News

Verrill’s New Connecticut Office Focuses on Future and Function

(February 4, 2020) – Verrill is pleased to announce its new Connecticut location, at 355 Riverside Avenue, Westport, which offers more space for collaboration and client meetings, while remaining centrally located in the southwest...