Practice Groups

The Banking & Financial Services lawyers of Shapiro Sher provide experienced counsel in all aspects of commercial loans. Chaired by Scott W. Foley, the Banking & Financial Services Group represents banks, credit unions, lending services companies, premium finance companies, and other financial institutions in the Mid-Atlantic region and across the country. Because the group has extensive experience in the origination of loans and in workout situations, it is prepared to provide efficient representation at every stage in the commercial lending process.

Creditors’ Rights & Workouts

Shapiro Sher is prepared to help when commercial loans become non-performing. On behalf of lenders, the group has handled workouts involving various types of credit facilities and collateral including asset-based financing arrangements involving loans secured by accounts receivable, return or unearned premiums, equipment, shopping centers, hotels, mixed-use properties, rental properties, apartment/condominium complexes, industrial properties, sizable tracts of raw development land, student housing projects, multi-family residential ventures, historic properties and other property, as well as U.S. Small Business Administration (SBA) and other government-guaranteed loans.

Shapiro Sher advocates on behalf of financial institutions in connection with:

• Commercial loan workouts and restructurings
• Short- and long-term loan modifications and forbearance agreements
• Foreclosures and secured creditor sales
• Note sales
• Compliance with SBA Standard Operating Procedures, including protecting SBA guarantees
• Bankruptcy matters, including post-petition financing, cash collateral, relief from the automatic stay, plan confirmation and other contested hearings, and litigation of adversary and other bankruptcy proceedings
• Receivership proceedings, including representation of petitioning creditors and receivers
• Loan participation and other inter-creditor disputes
• Title insurance claims and litigation
• Lender liability and other collection matters