View All PracticesCommercial Finance
Areas of Concentration
- Secured and unsecured financial transactions.
- Mezzanine financing.
- Letters of credit.
- Traditional middle and upper market lending transactions.
- Industry specific loans.
Sophisticated and nuanced counsel and in-depth financial-market knowledge at highly competitive rates: That’s why savvy private and public borrowers and lenders—regional, national and international—count on the AP&S Commercial Finance Group to structure and close deals across a full range of secured and unsecured transactions.
Lenders trust us: banks, insurance companies and other institutional lenders, both here and abroad, both privately owned and publicly traded. Our blue-chip clients include senior lenders, providers of mezzanine financing, subordinated lenders, issuers of letters of credit, and equity participants.
Borrowers of all types capitalize on our extensive experience in traditional middle and upper market lending transactions as well as on our deep, industry-specific knowledge—from precious metals consignment to hotels, convention centers and parking garages; from golf courses and other recreational properties to energy facilities, newspapers, water and sewer treatment plants, health care facilities, and leveraged ESOP plans.
Representative Matters
- We represented a holding company client in the sale of 49 percent of its stock to its ESOP and a loan transaction to fund it, allowing stockholders to withdraw substantial equity without losing management control.
- We represented a regional bank in a $2.2 million loan to a Rhode Island realty company, secured by a leasehold mortgage on property subject to a complex ownership structure due to environmental issues.
- We helped a Massachusetts manufacturer obtain some $4 million in secured financing from a regional bank through the issuance of revenue bonds by the Massachusetts Development Finance Agency.
- Our AP&S team aided a regional bank in its acquisition of some $20 million in secured revolving loans that had been provided to a Rhode Island textile manufacturer.
- We helped a nursing home partnership get a $1 million mortgage loan to finance acquiring a partnership interest.
- We successfully assisted a convenience store/gas station joint venture in obtaining from a regional bank a $10 million revolving line of credit, and later a $14 million term loan to acquire additional motor fuel facilities, all secured by mortgages on its various locations in the State of Rhode Island.
- We represented a regional bank in providing a letter of credit to a Massachusetts manufacturer to enhance the credit for approximately $7.5 million in revenue bonds issued for its benefit by the Massachusetts Development Finance Agency.
- AP&S attorneys represented a regional bank in connection with a secured line of credit to a Rhode Island manufacturer and a secured term loan to an affiliated realty company that was cross-collateralized and cross-defaulted.
- We represented a regional bank in connection with financing provided to a food wholesaler through a secured term loan to its affiliated realty company.
- We represented a high-end golf club in a $12 million dollar loan to finance construction of a PGA golf course.
- We represented the borrower in a $6.4 million dollar loan to Newbury New England, an age-restricted facility with an assisted living component.
- We represented Washington Trust Bank in an $8 million dollar loan in compliance with the placement of capital securities.
- We represented a client in the purchase and financing of two shopping centers in Massachusetts in an $8 million dollar deal.
- We represented the borrower in a $5.7 million dollar refinancing of two nursing home.
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