SCCA Transactions Group Closes $11.6 Million Commercial Real Estate Loan, and Supplements $30M Loan Facility02/05/2016
Stahl Cowen attorneys Rob Mintz and Tim Fitzgerald represented a large national bank in connection with the provision of a $11.6 million real estate loan made available to a local real estate developer. Rob and Tim successfully structured, negotiated, documented and closed this multi-year loan, taking into account complex title matters and environmental concerns related to the underlying collateral. The loan closed under an extremely tight timeline – 2 weeks, start to finish. For another client, Rob and Tim successfully, structured, documented and closed on a $1.5 Million Capex Loan extended by a local Chicago area bank to a national manufacturer in the rubber roller and specialty coating industry. The proceeds of the loan allowed the manufacturer for capital expenditures necessary to facilitate expansion and position the company for future growth. The loan is part of a larger $30 million credit facility to the same borrower.