As industry lending standards continue to evolve, navigating the commercial lending process can be particularly challenging. Preti Flaherty’s experienced Banking group guides lenders and borrowers through every aspect of the commercial lending process.  Our versatile transactional attorneys are adept at anticipating the challenges of our clients and offer innovative and strategic approaches to achieving their respective financing and business goals.

Our attorneys practice in all areas of the banking and financial services industry, routinely advising clients on real estate lending, asset-based lending and equipment lease financing matters.  This work includes corporate lending for working capital, capital expenditures, lenders' local counsel representation, and real estate lending for the acquisition and construction of projects in the retail, office, hospitality and industrial sectors. 

Each attorney in our Banking group brings broad experience in various areas of the banking industry and is well-versed in structuring secured transactions involving all types of assets, including receivables, inventory, equipment, real estate, fixtures, timber, intellectual property, farm products and securities and other instruments.   Experienced with complex commercial loan facilities, Preti Flaherty counsels clients on new market tax credit transactions, historic tax credit transactions, SBA 7(a) and 504 transactions, HUD, FAME, Farm Credit, Rural Development and other government-supported loans.

Our clients include corporate and non-corporate borrowers, banks, credit unions, financial companies, insurance companies and other large and small lenders throughout New England.  As part of a multi-disciplinary firm, our Banking team regularly partners with members of the firm’s Bankruptcy and Public Finance groups, as well as our in-house title insurance agency, Charter Title Company, LLC, to provide clients with comprehensive and effective tools for meeting their business goals.

Bankruptcy, Creditors’ Rights & Business Restructuring

The services offered by the Banking group are complemented by Preti Flaherty’s Bankruptcy team, which focuses on business restructuring, formal bankruptcy proceedings and creditors’ rights litigation. Our Bankruptcy practice is one of the largest and most experienced in northern New England, routinely representing secured and unsecured creditors, DIP lenders, purchasers and sellers of claims and acquirers of distressed companies, creditor committees, bank groups, debtors-in-possession and Bankruptcy Trustees.

Public Finance

Municipal law, securities and federal income tax law are among the services provided by Preti Flaherty’s Public Finance practice.  We regularly represent both government and quasi-governmental entities, conduit borrowers, hospitals, universities and other 501(c)(3) nonprofit organizations and manufacturing enterprises, underwriters and letter of credit banks in a wide variety of public finance transactions.  Preti Flaherty is listed in the Bond Buyer's Municipal Marketplace directory (the "red book") and is listed as approved bond counsel by the Maine Municipal Bond Bank, the New Hampshire Municipal Bond Bank and the United States Department of Agriculture, Rural Development.  

Charter Title Company

Charter Title Company, LLC, a wholly owned subsidiary of Preti Flaherty, is a respected agent for a number of national title insurance companies and works closely with the firm’s Banking team to provide title insurance and closing services for commercial transactions.  Charter Title Company, LLC also partners with the firm’s Real Estate practice, a team of attorneys handling diverse real estate transactions for businesses of all sizes throughout New England and beyond, to ensure that our clients' real estate transactions are in compliance with relevant state and federal regulations and meet their business objectives.

Firm Highlights

Publication

Legislative Alert: Maine Legislature Adjourns!

The First Special Session of the 130 th Legislature finally adjourned on Monday night, July 19 th . As many of you may remember, the First Regular Session ended in March 30th when the...

News

Fifteen Preti Flaherty Attorneys Selected as Chambers USA Leaders in Their Field

Fifteen Preti Flaherty attorneys and five practice groups have been selected for inclusion in the 2021 Chambers USA Guide to America's Leading Lawyers for Business , the highly regarded directory of leading attorneys and...

Publication

Maine’s Exemption Laws Are Changing

In March of this year, Representative Denise Tepler (D. Topsham) introduced “An Act To Increase the Value of Property Exempt from Attachment and Execution,” LD 737, which sought to dramatically change Maine’s exemption scheme. ...

Publication

Escalation Clause: An escape from the price-spike trap

Anyone in real estate development would have to be living under a rock not to know about skyrocketing lumber and material prices in the “post”-pandemic world. Pre-pandemic, the average cost for 1,000 board feet...

News

Preti Flaherty Welcomes Attorneys Angelica Li and Hannah M. Oakes to the Firm

Preti Flaherty is pleased to announce the arrival of two new attorneys to our Boston, Massachusetts, office: Angelica Li and Hannah M. Oakes. Angelica joins the firm as an Associate in our Environmental Practice...

Publication

The Latest from OSHA on Mitigating and Preventing the Spread of COVID-19 at Work

On the tails of updated guidance from other agencies, the U.S. Department of Labor Occupational Safety and Health Administration ("OSHA") released new pandemic-related guidance last month. This guidance was issued on June 10, 2021...

Publication

How to Avoid Misclassifying Your Employees Under the Maine Workers’ Compensation Act

What criteria are necessary to classify someone as an independent contractor and how can employers avoid misclassification and the repercussions that come with it? In this article, Preti Flaherty attorney and Mainebiz guest columnist John...

News

Preti Flaherty Attorneys Sig Schutz and Alex Harriman Assist with Amicus Brief in Defense of Maine's Anti-SLAPP Law

Serving as counsel for The Reporters Committee for Freedom of the Press (RCFP) and 14 other news media organizations, Preti Flaherty attorneys Sigmund Schutz and Alexandra Harriman filed with the Maine Supreme Judicial Court a...

News

Maine Justice Foundation Makes Inaugural Grants to Six Maine Groups Working for Racial Justice and Equity

The Maine Justice Foundation has made inaugural grants from its Racial Justice Fund to six Maine groups. The goal of the Fund is to support Black, Indigenous, and People of Color statewide to forge...

News

Benchmark Litigation Names Preti Flaherty 2021 “Maine Firm of the Year”

Benchmark Litigation has named Preti Flaherty as 2021 Litigation Firm of the Year in the State of Maine. The Benchmark Awards honor distinguished litigators and law firms in all 50 states and 10 practice...