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We have created the Financial Institutions team at Taylor English Duma LLP – bringing together attorneys from different specialties across the Firm – in order to seamlessly deliver to financial institutions the types of services that are most needed in this difficult economy. The primary services offered by our Financial Institutions team include lending, syndication, workout, foreclosure, capital raising and asset transactions. And, as part of Taylor English Duma LLP, we provide these services within a new model for law firms – one that provides sophisticated legal counsel in an efficient and cost-effective manner.
Lending & Syndication
The Financial Institutions team at Taylor English Duma LLP represents national, regional, local and community banks and lending institutions in all manner of loan-related transactions – from the drafting and negotiation of the loan documents, to the due diligence on the properties and other collateral securing the loans, to the closing of the loan. Our team brings legal and business experience gained from years working on financing transactions at top national firms and as in-house counsels at some of the country’s largest corporations.
Representative lending transactions include:
• Single lender real-estate secured, unsecured and asset-backed loans;
• Multi-lender and syndicated credit facilities;
• International and multi-currency facilities;
• Credit enhanced equity convertible debt transactions;
• Tax-credit transactions and tax-leveraged financing; and
• Participation interests in all of the above.
Workout & Foreclosure
Our Financial Institutions team also has extensive experience in working with troubled loans and guiding financial institutions through the workout and foreclosure process. In the event of a default or other issue with a troubled loan, we bring together our transactional and litigation team members to provide strategy and guidance to help financial institutions determine whether foreclosure, litigation or workout – or a combination of these approaches – is the right strategy. We can craft and negotiate forbearance agreements, loan modification documents and collateral substitution documents. We can also move beyond the workout, and have extensive experience in efficiently handling all of the steps in foreclosure sales and proceedings. Throughout the process, we can manage all aspects of litigation, including foreclosure sale confirmations, deficiency suits against borrowers and guarantors and bankruptcy representation.
Capital Raising & Asset Transactions
We have extensive experience in raising capital for financial institutions – in particular for community banks – and in crafting sophisticated approaches to restructuring bank assets to improve capital ratios. We have worked with both banks and investor groups to structure transactions that dispose of real estate and non-performing loans in ways that minimize the impact to the bank’s balance sheet and that improve a bank’s capital ratios.