Representation of Financial Institutions

The Real Estate & Lending Group is justifiably proud of its representation of commercial lenders. We represent many commercial lenders including two of the largest banks in the Pittsburgh area, numerous national insurance companies and a variety of mortgage bankers and other related businesses. In addition, Meyer, Unkovic & Scott furnishes specialized services to several other financial institutions.

We have represented financial institutions in connection with loans for all types of commercial projects, including shopping centers, office buildings, condominium projects, industrial and warehouse projects, hotels and residential developments. Our representation of lenders has expanded beyond Pittsburgh to a state and nationwide basis. Our experience with a wide variety of loan transactions enables us to quickly provide all of the necessary documents for a loan transaction, including standard and take-out commitment letters, construction loan agreements, buy-sell agreements, letters of credit, notes, mortgages and loan participation agreements.

The Real Estate & Lending Group has also represented numerous commercial lenders in connection with loan restructurings and workouts on both a regional and national basis. These loan restructurings have involved loan modifications and extensions, the restructuring of payment terms, the documentation of collateral enhancements and the negotiation of intercreditor agreements in connection with new secondary and mezzanine financing. The Group also has extensive experience in handling both residential and commercial mortgage foreclosures.

Often, the Group’s representation of financial institutions involves complex financing arrangements. For example:

  • The Real Estate & Lending Group represented a national lender in connection with the financing of the purchase of forty fast food restaurant properties throughout Pennsylvania. The Group’s attorneys drafted the notes, mortgages and loan documents and worked closely with title insurance agencies throughout Pennsylvania in connection with the closing and the issuance of title policies on all of the loans.
  • In connection with the conversion of a large department store in Pittsburgh into an office building, the Real Estate & Lending Group represented the permanent lender, a national insurance company. This representation included the negotiation and drafting of a tri-party agreement between the borrower, the construction lender and the permanent lender, and also the negotiation and drafting of loan documents.
  • The Real Estate & Lending Group represented a national lender in connection with the financing of a multi-phase condominium development along the Delaware River in Philadelphia, Pennsylvania, the first phase of which included the construction of 290 luxury condominium units.
  • The Real Estate & Lending Group has represented numerous commercial lenders in connection with the closing of securitized CMBS loans, including the closing of a $65,000,000 loan secured by an office building in downtown Pittsburgh.

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