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

Event

Kenneth Rubinstein and Anthony Manhart to Present on Modifying AIA Contract Documents

AIA contract documents are the industry standard for managing contractual relationships in construction and design projects. Despite this widespread use, the contracts often contain holes and fail to protect the interests of particular clients...

Publication

Legislative Alert: Special Session, Redistricting, and Cloture

The Legislature gathered for a Special Session last week, September 29 th , to vote on legislative redistricting. The final agreement passed successfully and with strong bipartisan support in both the House and the...

Press Coverage

In Reversal, Maine CDC Will Allow "Advocacy Journalists" into Next COVID-19 Briefing

Following an announcement by Gov. Janet Mills, representatives from the Maine People's Alliance and the Maine Policy Institute will be allowed to attend and participate in the weekly livestream COVID-19 briefings presented by the Maine Center for Disease...

News

Law360 Names Matt Warner 2021 Cannabis MVP

Preti Flaherty attorney and Cannabis Business Group member Matt Warner was recently named one of Law360's 2021 MVPs in the field of Cannabis. Matt distinguished himself with his pioneering work challenging medical marijuana residency...

Publication

Employees Who Refuse to Comply with a Mandatory Vaccination Policy are Generally Ineligible to Receive Unemployment Benefits

Following a nationwide spike in cases, hospitalizations, and deaths, an increasing number of Maine private businesses and colleges have joined the healthcare industry in requiring workers to provide proof of vaccination against COVID-19. Vaccine...

Event

Dan Walker to Present on Maine Cannabis Law and Policy at Cumberland Bar Association

Preti Flaherty attorney and Cannabis Business Group chair Dan Walker will present on the topic "Maine Cannabis Law and Policy: Review of Current Status and Updates to Maine’s Two Cannabis Programs – Medical and...

Press Coverage

The Maine Monitor Sues York County for Jail Call Records

On August 2, The Maine Monitor filed a lawsuit against York County, challenging the County's denial of reporter access to public records that may detail times it has recorded confidential conversations between defendants being held at the...

News

Nineteen Preti Flaherty Attorneys Selected for Inclusion in 2021 Super Lawyers

Nineteen Preti Flaherty attorneys have been selected for recognition by Super Lawyers , including eleven Rising Stars. Super Lawyers rates outstanding lawyers throughout the United States in more than 70 practice areas. Only five...

Publication

Beyond Maine’s Ban-the-Box Statute: Practical Employer Considerations

In five (5) days, Maine’s Fair Chance Employment Act goes into effect.  We originally summarized the objective and impact of that legislation in an alert posted on August 11, 2021 .  Now is the...

Event

Legal Lunches: Workin' for the Weekend

Laura Rideout and John Cronan will participate in a panel discussion called "Workin' for the Weekend: Team Safety Including Wage & Hour, OSHA and Workers' Comp in a Post-COVID World" as a part of...