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
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