Real Estate and Finance

Banking and Financial Services

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

Press Coverage

Authorities Refuse to Release Records for Maine School Shooter Hoax Calls

On November 15, 2022, multiple law enforcement agencies in Maine received false calls alerting police to active shooter situations at several high schools throughout the state. In the wake of this widespread hoax, the Kennebec...

Publication

Post Sackett: What Is the Scope of the Clean Water Act?

The Supreme Court of the United States (SCOTUS) rendered a decision in Sackett et ux. v. EPA addressing what Justice Alito referred to as a “nagging question” of what water bodies are covered under...

Event

Bodie Colwell joins ethics panel at the Northeast Bankruptcy Conference & Northeast Consumer Forum

An annual conference, this year's Northeast Bankruptcy Conference and Consumer Forum will focus on sophisticated financial scenarios practitioners often face and provide insights on current consumer bankruptcy issues. Preti Flaherty's Bodie Colwell is a...

Publication

Bankruptcy Court Injects Uncertainty in Municipal Tax Foreclosures

Last October, the U.S. Bankruptcy Court for the District of Maine issued a ruling of concern for municipalities. The case ( In re Riendeau , 645 B.R. 321 [Bankr. Me. 2022] ) established that...

Publication

H-2B Visa Program Summary

The H-2B classification allows foreign nationals who are citizens of certain named countries, with limited exceptions, to accept temporary non-agricultural employment in the United States, after the employer has obtained temporary labor certification by...

Press Coverage

Oxford Police Chief: Officer Tried to De-escalate Pursuit Before Fatal Crash

Officials from the Cumberland County Sheriff's Office have refused to provide documentation of the department's policy on police chases following the fatal high-speed crash of Nicholas Liebowitz in Gray, Maine, on Friday, April 28, 2023. Chief...

News

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

Fourteen Preti Flaherty attorneys and six practice groups have been selected for inclusion in the 2023 Chambers USA Guide to America's Leading Lawyers for Business , the highly regarded directory of leading attorneys and...

News

Maine Justice Foundation Opens Applications for the 2023 Access to Justice Tax Credit

The Maine Justice Foundation is pleased to announce that applications for the 2023 Access to Justice Tax Credit Program will open on June 1, 2023. The Foundation will accept applications from eligible attorneys from...

Publication

Municipal Update: Effect of Recent Supreme Court Decision on Sale of Tax Foreclosed Properties

Yesterday, the United States Supreme Court issued its opinion in  Tyler v. Hennepin County, Minnesota  (598 U.S. _____ (2023)). The Supreme Court held that Hennepin County had violated the Fifth Amendment’s takings clause by...

News

Maine Justice Foundation LGBTQ+ Fund Seeks Applications for 2023 Grants

The Maine Justice Foundation is pleased to announce a round of grants from the LGBTQ+ Fund. The Foundation will accept applications for grants from organizations working to advance awareness and understanding of LGBTQ+ issues...