Westfield, NJ
TEL (908) 233-6800
FAX (908) 233-5078
info@lindabury.com
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Summit, NJ
TEL (908) 273-1212
FAX (908) 273-8922
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Rumson, NJ
TEL (732) 741-7777
FAX (732) 758-1879
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New York, NY
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TEL (215) 854-4090
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Banking & Finance
General Description: Lindabury provides a full range of legal services to banks and financial service institutions and their customers. We represent lenders and borrowers in transactions that range from the routine to the highly specialized, actively engaging in the structuring, negotiation, documentation, closing, restructuring and, if necessary, "work-out" of a wide variety of credit facilities. In all transactions, we emphasize the active participation of the client in structuring the credit in order to minimize potential legal risk to the client.

The firm also provides litigation services arising out of transactional activities. Such matters include collections, foreclosure actions, bankruptcy and litigation involving estates in which a bank serves as a corporate fiduciary.

Our clients include large and small banks, mortgage companies and other commercial lenders, such as equipment lessors and credit unions, including the largest credit union in New Jersey, for which we are general counsel. We also provide the full scope of transactional legal services to clients as borrowers, notably in the manufacturing, transportation, real estate and health care industries.

Types of Lending Transactions: The following are some of the types of lending transactions in which we represent lenders or borrowers:
  • commercial loans
  • mortgage loans
  • term loans
  • asset-based facilities
  • floor-plan loans
  • letters of credit
  • maritime loans
  • leveraged leases
  • leveraged buy-outs
  • U.S. Small Business Administration loans
  • New Jersey Economic Development Authority and other industrial revenue bonds
  • New Jersey Health Care Facilities Financing Authority bond issues
  • church bonds and other tax-exempt financings
Representative Matters:
  • Provide attorney review and document preparation services for a major mortgage company.
  • Represented a bank in its largest residential construction loan - to finance over 400 units.
  • Represented a bank in structuring a line of credit facility to enable a charitable organization to purchase "group homes" throughout northern New Jersey. Advances under this facility required compliance with loan-to-value ratio covenants both for individual properties and for all properties owned by the borrower.
  • Represented a bank in structuring a line of credit facility for the construction of a fleet of barges.
  • Represented a major health care provider in a $68 million senior credit facility.
  • Represented a major healthcare provider in financing development of an ambulatory care facility in subleased space in a multi-tenanted office building.
  • Represented banks in issuance of letters of credit in connection with several New Jersey Health Care Facilities Financing Authority bond issues.
  • Represented banks in transactions secured by various types of movable collateral, including motor vehicle fleets, tractor trailers, railroad cars, airplanes, fishing vessels and barges.
  • Represented bank in construction loan for mixed use project, where a significant portion of the real estate was subject to a foreclosure proceeding. The transaction was structured using an escrow arrangement, which allowed borrower to close financing and preserve counterclaims, while providing bank and title company with adequate protection.






Related Practices:

Business Counsel & Transactions

Corporate Law

Real Estate & Land Use



Attorneys:
· Anderson, Robert W.
· Burney, Robert S.
· Levine, Eric B.
· Ross, Donald B. Jr. · Vir, Monica
 

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