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

Court Rules Portland Rents Are Public Information, Not Trade Secrets

Rental information is public information and not protected from public record requests under the Maine Trade Secrets Act, according to a recent ruling by Justice Thomas R. McKeon of the Maine Business and Consumer Court. The...

Publication

Portland Referenda and Legislative Leadership Update

In addition to all the state and national legislative races that were (mostly) decided by Wednesday morning, there were also 13 referendum questions on the Portland municipal ballot and one in Bar Harbor of...

News

Preti Flaherty Continues Year of Remarkable Growth with Addition of Five New Attorneys

Preti Flaherty is pleased to announce the arrival of five new Associates to the firm: Scott A. DeLong, Christopher S. Knight, Kijana Plenderleith, Harper A. Weissburg, and Joshua D. Williams. In our Portland, Maine, office...

Press Coverage

Courts Could Throw State Marijuana Markets into Disarray

Over the past two decades, 37 states have legalized the production and/or sale of marijuana in some form. However, due to a lack of federal action, interstate commerce is still considered illegal and barred...

News

Attorney Shana Solomon Recognized by Massachusetts Lawyers Weekly "Top Women of Law" 2022

Preti Flaherty is pleased to announce that attorney Shana Solomon has been recognized by Massachusetts Lawyers Weekly as part of the publication’s “Top Women of Law” list for 2022. Shana is a trial lawyer...

Publication

New EEOC Poster Requirement and Guidance on Notice-Posting in Hybrid Workplaces

The U.S. Equal Opportunity Commission (“EEOC”) recently updated the “EEO is the Law” poster and replaced it with a new one: “ Know Your Rights: Workplace Discrimination is Illegal .” The new poster was...

Publication

November 2022 Election Update

Maine State House Most of us who are obsessed with electoral politics expected a tight Gubernatorial race and, if not changes in control of the House or Senate, much closer margins between the majority...

Publication

Another Reminder to Update Policies and Procedures to Reflect Latest COVID-19 Guidance

We  last updated you in early August  regarding the latest COVID-19 quarantine and isolation guidance from the Centers for Disease Control and Prevention (“CDC”).  Cold and flu season is now upon us, and experts are...

Press Coverage

Preti Flaherty Supports Nationally Recognized Investigative Reporting

Preti Flaherty has been recognized for supporting an award-winning investigative Journalism in Maine.  The non-profit  Maine Monitor  published a nationally recognized series titled “Eavesdropping in Maine Jails” revealing widespread recording of  phone calls between jail...

News

U.S. News – Best Lawyers Ranks Preti Flaherty Among 2023 Best Law Firms

Preti Flaherty has been named among the 2023 Best Law Firms by the U.S. News – Best Lawyers rankings. To be eligible for ranking, a law firm must have at least one attorney named...