On behalf of a large national United States bank, members of Stahl Cowen’s Business Law team closed on a $10 million commercial real estate loan in record time! Business Law chair Rob Mintz, assisted by team member Alexandria Seydel, were able to successfully negotiate, document and handle all aspects of a multi-property transaction in less than a two week time period. A senior vice president of the financial institution was overwhelmingly pleased with the level of service provided by Rob and Alex, and the short time in which they were able to make the loan become a reality. The borrower was also delighted, as it was able to access funds so quickly and efficiently. Kudos to the Business Law team!
Business Law chair Rob Mintz and team member Alexandria Seydel were also able to successfully close on an amendment to a $150 million revolving credit facility on behalf of their client, a large Midwestern bank who served as agent for a consortium of five lenders. The sophisticated loan amendment increased the borrowing amount by $50 million, added borrower locations and assets to the collateral pool, changed loan terms, and welcomed another national United States bank into the lender group, amongst other things. The firm’s client, the leading lender of the group, was happy that the amendment was able to be negotiated, documented and closed so quickly and professionally. Another smooth transaction for the Business Law team!
Member Lauane Addis and his team closed on a $31 million acquisition of a steel company. In addition, our team closed a $10 million refinancing of a hotel thanks to a lot of hard work by Alex S, Sim, Tim, Melissa, Jon, Drew, Alex P, Becky and Carol - Thank you all!