Commercial and Real Estate Lending
With a sophisticated nationwide real estate financing practice, Krieg DeVault excels at complex secured, syndicated, asset-based, and tax-exempt transactions. Our lending clients range from large national banks and institutional investors to rapidly growing regional banks, and our work with borrowers encompasses a full spectrum of developers and property investors. Members of our team have been commercial bankers and CPAs, so we fully understand the financial nuances of structuring and documenting the deal. Both lenders and borrowers value our advice on resolving loan problems, including defaults, workouts, repossession, foreclosure, and receivership. We know that borrowers and lenders both want cost efficiency in their real estate lending transactions, so we have developed standardized loan structures and documentation that meet market needs. And because we handle all types of loan transactions and lending relationships, we can offer valuable transactional guidance that helps any deal close successfully.
First Merchants Bank
Syndicated Construction Financing Extended to Tallahassee Property Investors IV, LLC for Student Housing Facility Located Adjacent to Florida State University
Associated Bank, National Association
Syndicated Construction Financing Extended to Nexus Apartments, LLC for Multi-Family Project in Noblesville, IN
Star Financial Bank
Construction Loan and Bond Purchase Extended to The 503, QOZB, LLC
Huntington National Bank
Equity Bridge Loan and Bond Financing Extended to Pedcor Investments-2017-CLXVI, LP
Lake City Bank
Construction Loan Extended to Meadows on Main, LP
First Financial Bank, National Association
Construction Loan Extended to TWG Chatham, LLC for Multi-Family Apartment Complex in Westfield, IN
Merchants Bancorp
Construction and Tax Credit Financing Extended to Bottleworks District, LLC
The National Bank of Indianapolis
Construction Financing for Milhaus, LLC Mixed-Use Project (Indianapolis, IN)
Associated Bank, National Association
Construction Financing Extended to Aria Zionsville, LLC for Multi-Family Project (Zionsville, IN)
Lake City Bank
Financing Extended to J.C. Hart Company Affiliate for Multifamily Project (in Broad Ripple, Indiana) Known as “The Line - Urban Flats on the Monon”
BMO Harris Bank N.A.
Construction Financing Extended to Ford TWG, LLC (The Whitsett Group) for Mixed-Use Project at former Ford Assembly Plant
First Merchants Bank
Working Capital Financing Extended to enVista, LLC and enVista Interactive Solutions, LLC
Busey Bank
Construction Financing Extended to Scannell Properties #386, LLC for Industrial Warehouse Space for Pepsi Co. (Indianapolis, IN)
First Financial Bank
Acquisition and Bridge Financing Extended to Market East Portfolio, LLC for Office Buildings and Parking Facilities (Indianapolis, IN)
PNC Bank, National Association
Construction Financing Extended to Ardmore, LLC for Mixed-Use Project
Wells Fargo Bank
Secured Credit Facilities extended to Urschel Laboratories, Inc.
First Merchants Bank
Syndicated Construction Financing extended to CRP/Bodner Caprock Crossing Owner, L.P. for Multifamily Project (College Station, Texas)
KeyBank National Association
Syndicated Financing Involving ESOP Formation for Envision Radiology
Lake City Bank
Acquisition Financing for the AT&T Building (Indianapolis, IN)
Busey Bank
Construction Financing for Flaherty & Collins Mixed-Use Project, The Arbuckle (Brownsburg, IN)
BMO Harris Bank N.A.
Project Financing regarding Monon Lofts (TWG Development, LLC)
Associated Bank, National Association
Syndicated Construction Financing for Cityscape Residential Multi-Family Project (Louisville, KY)
- Owner occupied financing
- Income properties financing
- Multi-state property locations financings
- Due diligence regarding real estate collateral (including title insurance, survey, environmental site assessment and FEMA special flood hazard area reviews)
- Construction financing
- Residential and commercial real estate development financings
- Structuring of "special purpose entity" provisions
- New Markets Tax Credit financings
- Low Income Housing Tax Credit financings
- Cash flow loan transactions
- Working capital facilities
- Leveraged acquisition financings
- Mezzanine and second lien loans
- Vendor financing
- Equipment leasing
- Letters of credit and reimbursement agreements
- Warehouse credit facilities
- Aircraft financings
- Agribusiness loan transactions
- Employee stock ownership leveraged loans
- Uniform Commercial Code searches
- Bankruptcy and judgment lien searches
- Life insurance assignment verifications
- Collateral lien perfection and enforcements
- Issuance of non-consolidation opinions
- Collateral and credit file reviews
- Preparation of forbearance agreements
- Restructurings of credit and collateral terms
- Pre and post bankruptcy collections and foreclosures
- Deed in lieu of foreclosure transactions
- Review of proper formation of co-borrowers comprised of multiple tenants-in-common owners
- Preparation of requirements of co-ownership agreement
- Coordination between lender requirements and borrower requirements for compliance with Tax-Free Like-Kind Exchange under Section 1031 of the Internal Revenue Code.
- Representation of administrative agents, collateral agents, documentation agents and syndicate lenders
- Preparation or review and analysis of participation agreements and certificates
- Preparation of intercreditor and subordination agreements
- Review and negotiation of credit and collateral documents
- Render third party legal opinions as borrower's counsel to lender
- Loan closing coordination and post closing coordination
Secured Lender
May 14, 2025
AVOID THIS SHORTCUT DESPITE THE TEMPTATION
Firm News and Events
February 18, 2025
Krieg DeVault Announces 9 Attorneys as 2025 Indiana Super Lawyers; 12 as 2025 Indiana Rising Stars
Thought Leadership
December 2, 2024
Recently Reported Court Cases Affecting Secured Lenders
Firm News and Events
July 10, 2024
Partner Tammy K. Haney Joins the Board of Directors of OneZone Chamber of Commerce
Firm News and Events
December 20, 2023
Marija Nicksic Joins Krieg DeVault’s Commercial Real Estate and Lending Practice
Secured Lender
November 2, 2023
President Biden Issues Executive Order on Artificial Intelligence
Secured Lender
September 6, 2023
Secured Lender: Second Circuit Court Affirms Syndicated Loans are [STILL] Not Securities
Business
August 31, 2023
Is Your Business Ready? Preparing for and Complying with the Corporate Transparency Act
Firm News and Events
July 31, 2023
Frank A. Hoffman Joins Krieg DeVault’s Public Finance and Municipal Practice
Firm News and Events
June 1, 2023
Michael D. Zaradich Joins Krieg DeVault's Commercial & Real Estate Lending Practice
Secured Lender
May 16, 2023
LIBOR Transition in the Final Weeks
Firm News and Events
April 19, 2023
Susan P. Wedemeyer Joins Krieg DeVault's Commercial and Real Estate Lending Practice
Firm News and Events
January 30, 2023
Known By the Successful Company We Keep® - Krieg DeVault Issues Annual Ad Showcasing Transactions from Many of Our Valued and Successful Clients
Firm News and Events
January 1, 2023
John B. Baxter Named Chair of Krieg DeVault’s Commercial and Real Estate Lending Practice
Firm News and Events
January 1, 2023
Krieg DeVault Announces 2023 Partner Promotions of Sarah E. Jones, Micah J. Nichols, and Ann Marie Woolwine
Secured Lender
November 8, 2022
FinCEN Issues Final Rule for Beneficial Ownership Reporting to Support Law Enforcement Efforts, Counter Illicit Finance, and Increase Transparency
Firm News and Events
November 1, 2022
Krieg DeVault Adds Associates Andrew N. Warner, Katelyn E. Doering, Alexus D. Lucas, and Michael J. Moser
Firm News and Events
October 17, 2022
Krieg DeVault Expands Chicago Office with Financial Services Partners Laurie A. Martin Montplaisir and Parker E. Lawton
Firm News and Events
September 27, 2022
Krieg DeVault Expands Real Estate and Environmental Practice
Firm News and Events
Firm News and Events
Firm News and Events
February 28, 2022
Patrick Fagan Joins Krieg DeVault’s Commercial and Real Estate Lending Practice
Firm News and Events
February 1, 2022
Julie A. Johnsten and Crystal L. Stallworth Join Krieg DeVault as Paralegals
Secured Lender
January 28, 2022
Indiana Senate Bill Would Replace LIBOR When Necessary
Firm News and Events
October 1, 2021
Krieg DeVault Adds Two New Associates; Alexandra E. Wilson and Joel E. Haas
Secured Lender
July 16, 2021
Commercial Real Estate and Tenant Estoppel Certificates: Enforcement by Illinois Courts
Secured Lender
June 23, 2020
A Bankruptcy Court Weighs In: Do Force Majeure Clauses Excuse Commercial Tenants from Paying Rent?
Secured Lender
June 17, 2020
Eviction and Foreclosure Moratoriums Extended to August 31, 2020 for Federally-Backed Mortgages
Thought Leadership
June 9, 2020
Fed's Main Street Lending Program Expanded
Secured Lender
April 16, 2020
Federal Reserve Announces the Main Street Lending Program
Secured Lender
April 9, 2020
Important Updates On PPP Loans - Recent SBA Guidance
Secured Lender
March 29, 2020
Indiana Expedites Implementation of Remote Notary Statute - Part I
Financial Services
March 26, 2020
The CARES Act: Flexibility for Lenders
Firm News and Events
January 16, 2020
Real Estate Partner David Adams shares his insights with Midwest Real Estate News regarding the Indianapolis' commercial real estate market
Firm News and Events
October 14, 2019
Julie A. Carpenter Selected for "Professionalism Award" from the IBA
Firm News and Events
Firm News and Events
September 25, 2019
Krieg DeVault Authors Indiana Chapter of The Secured Finance Network Compendium of Secured Finance Law
Firm News and Events
August 14, 2019
Eight Attorneys Named to 2020 Best Lawyers in America Listing
Firm News and Events
March 18, 2019
David A. Adams Joins Krieg DeVault's Real Estate and Commercial and Real Estate Lending Practice Groups
Firm News and Events
February 17, 2019
Julia A. Carpenter Named Chair of Krieg DeVault's Commercial and Real Estate Lending Practice
Firm News and Events
January 10, 2019
Krieg DeVault Announces 2019 Senior Associate Promotions
Firm News and Events
October 22, 2018
Krieg DeVault Welcomes Three New Associates - Alexandria M. Foster, Scott C. Frissell, and Ben Vandeventer
Firm News and Events
July 8, 2018
Partner Julia A. Carpenter Named Krieg DeVault's Chief Diversity Officer
Firm News and Events
May 10, 2018
Krieg DeVault Partners John B. Baxter and Robert A. Greising Named to Chambers USA 2018 List
Thought Leadership
March 5, 2018
Court Determines Debtor's Correct Name on Driver's License for UCC-1 Financing Statement
With a sophisticated nationwide real estate financing practice, Krieg DeVault excels at complex secured, syndicated, asset-based, and tax-exempt transactions. Our lending clients range from large national banks and institutional investors to rapidly growing regional banks, and our work with borrowers encompasses a full spectrum of developers and property investors. Members of our team have been commercial bankers and CPAs, so we fully understand the financial nuances of structuring and documenting the deal. Both lenders and borrowers value our advice on resolving loan problems, including defaults, workouts, repossession, foreclosure, and receivership. We know that borrowers and lenders both want cost efficiency in their real estate lending transactions, so we have developed standardized loan structures and documentation that meet market needs. And because we handle all types of loan transactions and lending relationships, we can offer valuable transactional guidance that helps any deal close successfully.
First Merchants Bank
Syndicated Construction Financing Extended to Tallahassee Property Investors IV, LLC for Student Housing Facility Located Adjacent to Florida State University
Associated Bank, National Association
Syndicated Construction Financing Extended to Nexus Apartments, LLC for Multi-Family Project in Noblesville, IN
Star Financial Bank
Construction Loan and Bond Purchase Extended to The 503, QOZB, LLC
Huntington National Bank
Equity Bridge Loan and Bond Financing Extended to Pedcor Investments-2017-CLXVI, LP
Lake City Bank
Construction Loan Extended to Meadows on Main, LP
First Financial Bank, National Association
Construction Loan Extended to TWG Chatham, LLC for Multi-Family Apartment Complex in Westfield, IN
Merchants Bancorp
Construction and Tax Credit Financing Extended to Bottleworks District, LLC
The National Bank of Indianapolis
Construction Financing for Milhaus, LLC Mixed-Use Project (Indianapolis, IN)
Associated Bank, National Association
Construction Financing Extended to Aria Zionsville, LLC for Multi-Family Project (Zionsville, IN)
Lake City Bank
Financing Extended to J.C. Hart Company Affiliate for Multifamily Project (in Broad Ripple, Indiana) Known as “The Line - Urban Flats on the Monon”
BMO Harris Bank N.A.
Construction Financing Extended to Ford TWG, LLC (The Whitsett Group) for Mixed-Use Project at former Ford Assembly Plant
First Merchants Bank
Working Capital Financing Extended to enVista, LLC and enVista Interactive Solutions, LLC
Busey Bank
Construction Financing Extended to Scannell Properties #386, LLC for Industrial Warehouse Space for Pepsi Co. (Indianapolis, IN)
First Financial Bank
Acquisition and Bridge Financing Extended to Market East Portfolio, LLC for Office Buildings and Parking Facilities (Indianapolis, IN)
PNC Bank, National Association
Construction Financing Extended to Ardmore, LLC for Mixed-Use Project
Wells Fargo Bank
Secured Credit Facilities extended to Urschel Laboratories, Inc.
First Merchants Bank
Syndicated Construction Financing extended to CRP/Bodner Caprock Crossing Owner, L.P. for Multifamily Project (College Station, Texas)
KeyBank National Association
Syndicated Financing Involving ESOP Formation for Envision Radiology
Lake City Bank
Acquisition Financing for the AT&T Building (Indianapolis, IN)
Busey Bank
Construction Financing for Flaherty & Collins Mixed-Use Project, The Arbuckle (Brownsburg, IN)
BMO Harris Bank N.A.
Project Financing regarding Monon Lofts (TWG Development, LLC)
Associated Bank, National Association
Syndicated Construction Financing for Cityscape Residential Multi-Family Project (Louisville, KY)
Focus Areas
- Owner occupied financing
- Income properties financing
- Multi-state property locations financings
- Due diligence regarding real estate collateral (including title insurance, survey, environmental site assessment and FEMA special flood hazard area reviews)
- Construction financing
- Residential and commercial real estate development financings
- Structuring of "special purpose entity" provisions
- New Markets Tax Credit financings
- Low Income Housing Tax Credit financings
- Cash flow loan transactions
- Working capital facilities
- Leveraged acquisition financings
- Mezzanine and second lien loans
- Vendor financing
- Equipment leasing
- Letters of credit and reimbursement agreements
- Warehouse credit facilities
- Aircraft financings
- Agribusiness loan transactions
- Employee stock ownership leveraged loans
- Uniform Commercial Code searches
- Bankruptcy and judgment lien searches
- Life insurance assignment verifications
- Collateral lien perfection and enforcements
- Issuance of non-consolidation opinions
- Collateral and credit file reviews
- Preparation of forbearance agreements
- Restructurings of credit and collateral terms
- Pre and post bankruptcy collections and foreclosures
- Deed in lieu of foreclosure transactions
- Review of proper formation of co-borrowers comprised of multiple tenants-in-common owners
- Preparation of requirements of co-ownership agreement
- Coordination between lender requirements and borrower requirements for compliance with Tax-Free Like-Kind Exchange under Section 1031 of the Internal Revenue Code.
- Representation of administrative agents, collateral agents, documentation agents and syndicate lenders
- Preparation or review and analysis of participation agreements and certificates
- Preparation of intercreditor and subordination agreements
- Review and negotiation of credit and collateral documents
- Render third party legal opinions as borrower's counsel to lender
- Loan closing coordination and post closing coordination