Commercial Finance

Joseph P. Harrington, Commercial Lending

The McCarthy Fingar Team

McCarthy Fingar maintains a reputation in White Plain and Westchester and throughout the New York metro region as a leading law firm in the Commercial Finance and lending field.  For many decades, our Commercial Finance lawyers have provided high-quality and cost-effective legal services to institutional lenders and other clients throughout our region. We bring our collective legal and business experience to every engagement. Whether a client retains us to close a sophisticated lending transaction or to restructure or collect on a troubled loan, our lawyers will develop and pursue business and legal strategies to promote success.

Corporate Finance

We represent banks, insurance companies, and other institutional and private equity source lenders in connection with all types of secured and unsecured corporate financing, including term loans, revolving credit loans and credit lines.

Real Estate Finance

We also represent our institutional clients in connection with structuring and closing of sophisticated real estate financing transactions, including construction, interim and permanent financings of office buildings, shopping centers, apartment buildings, multi-use, single-family, condominium, and cooperative developments. The firm also acts as counsel to lenders in industrial bond financings, industrial development agency letter of credit enhanced and straight lease transactions.

Trade Finance

We represent lenders and borrowers in connection with a variety of trade finance lending transactions including pre-export financing, forfeiting transactions, trade finance lines of credit secured by receivables, and other hybrid arrangements including trade finance and capital financing structures.

Loan Restructures and Workouts

We advise our lending and financing clients in negotiating and documenting loan workouts and restructures in troubled credit situations, including deeds-in-lieu of foreclosure, consensual and nonconsensual foreclosures, and structured and restructured repayment plans. Using our Commercial Litigation specialists, we advise our lending clients in bankruptcy proceedings and support them in the structuring and implementation of planned and contested bankruptcy reorganizations and/or liquidations, to ensure the greatest recovery.

McCarthy Fingar’s Leadership in the Community

McCarthy Fingar’s lawyers are often in the news and are frequent lecturers on many different topics. Click on news and speaking engagements above to check out what our lawyers are doing.

Contact Us

Commercial Finance lawyers are dedicated to our clients’ success. If you think you may require our assistance or have any questions, please contact Joseph P. Harrington by email (jharrington@mccarthyfingar.com) or phone (914-385-1035).

05/23/2019

Landau & Trokie Speak on Legalization Status of Cannabis & Hemp in New York & Connecticut

Douglas S. Trokie James K. Landau

James K. Landau and Douglas S. Trokie, both members of our Cannabis Law group, spoke on “Legalization Status of Cannabis and Hemp in New York & Connecticut.” This program was co-sponsored by BOHCA (Business Owners Hemp Cannabis Association).

03/01/2015

Trokie Joins McCarthy Fingar as New Partner

Douglas S. Trokie

We are pleased to announce that, effective March 1, 2015, Douglas S. Trokie has joined the firm as a partner and is a member of our Commercial LitigationCommercial FinanceCorporate & General Business and Real Estate Transactions groups. Prior to joining the firm, Doug was a founding partner of Trokie Landau LLP, and has been representing individuals and companies of all sizes for over 30 years in a broad range of commercial, corporate, real estate and litigation matters, both in the New York area and worldwide.

05/17/2007

Harrington Lectures on Commercial Finance for Pace

Joseph P. Harrington

Joseph P. Harrington was part of a panel presentation on commercial finance and real estate development issues for a two-day program on May 17th and 18th, 2007 in White Plains, New York, sponsored by the Real Estate Law Institute of the Land Use Law Center at Pace University School of Law.

08/01/2005

Santoro Joins Firm as Associate

Michelle L. Santoro

Michelle L. Santoro has joined the firm as an associate and is a member of our Commercial Litigation and Matrimonial and Family Law groups.

04/20/2005

Harrington Lectures on Commercial Lending issues

Joseph P. Harrington

Joseph P Harrington lectured on April 20, 2005 or Pace University School of Law in White Plains, New York on Commercial Lending issues as part of a program on “Commercial Real Estate Transactions”.

04/21/2004

Harrington Lectures on Commercial Lending Issues

Joseph P. Harrington

Joseph P Harrington lectured on April 21 and 28, 2004 for Pace University School of Law in White Plains, New York on Commercial Lending issues as part of a program on “Commercial Real Estate Transactions”.

01/17/2001

Harrington Lectures on Commercial Real Estate Transactions

Joseph P. Harrington

Joseph P. Harrington lectured on January 17, 2001 on Commercial Real Estate Transactions at Pace University College of Law as part of Pace’s Continuing Legal Education program

Representation of Private Banking Client, as Lender, in a $18.8 Million Multi-State Secured Financing

Joseph P. Harrington, Michelle L. Santoro

Joseph P. Harrington Michelle L. Santoro

Commercial Finance – Secured Lending – Multi-State Financing

Our commercial finance lawyers sometimes represent banks in transactions involving multiple parcels in multiple states. In one such transaction, Joe Harrington and Michelle Santoro represented one of the firm’s private lending clients on a multi-loan transaction, totaling $18.8 million, secured by four parcels in 3 states.

Commercial Finance – Real Estate Transactions – $21 Million Construction Loan for Development of Mixed Use Shopping Center

Joseph P. Harrington

Joseph P. Harrington

Commercial Finance – Real Estate Transactions – Construction Loan for Mixed Use Shopping Center

McCarthy Fingar’s Commercial Finance lawyers often represent our lending clients in commercial Real Estate Transactions. Here, Joseph P. Harrington represented the lender on a $21 million dollar construction loan for the development of a mixed use shopping center with a national supermarket as the anchor tenant under a long term lease. 

Representation of Banking Client in Successful Restructure of Corporate Debt

Milton R. Gleit, Joseph P. Harrington

Milton R. Gleit Joseph P. Harrington

Commercial Finance – Corporate & General Business – Successful Restructure of Corporate Debt

Our Commercial Finance & Corporate lawyers often work together to assist our banking and other clients. Here, Joseph P. Harrington and Milton R. Gleit represented one of our banking clients in restructuring a defaulted corporate loan. As part of their work, Joe and Milt negotiated and documented the bifurcation and restructure of a series of defaulted term loans. The creative outcome was that fifty percent of the total debt was consolidated into a single new term loan; and the remaining fifty percent was converted into a preferred equity position in the restructured borrower.

Negotiation & Documentation of Work-Out/Restructure of Defaulted Mortgage Loan for Banking Client

Joseph P. Harrington

Joseph P. Harrington

Commercial FinanceReal Estate Transactions – Successful Work-Out/Restructure of Defaulted Mortgage Loan

In addition to closing commercial loan transactions for our banking clients, our Commercial Finance & Real Estate Transactions lawyers sometimes assist clients on the work-out and/or restructuring of a problem loan. On behalf of one of the firm’s banking clients, Joe Harrington successfully negotiated and documented the restructure of a defaulted loan secured by a first mortgage on an office building, thereby enabling the client to convert the defaulted loan into a performing asset.

Representation of a Private Lending Client, as Lender on a Defaulted loan

Joseph P. Harrington, Michelle L. Santoro

Joseph P. Harrington Michelle L. Santoro

Commercial Finance – Commercial Foreclosure 

Our commercial finance lawyers sometimes represent private lenders in foreclosure actions. Here, Michelle L. Santoro represented one of the firm’s private lending clients on a defaulted commercial mortgage, successfully obtaining a final judgment of foreclosure and sale. The property was later acquired by the lender and a private sale took place.

Commercial foreclosure, then Negotiation & Documentation of Work-Out/Modification of a Defaulted Mortgage Loans for private lender

Joseph P. Harrington, Michelle L. Santoro

Joseph P. Harrington Michelle L. Santoro

Commercial Finance – Successful Work-Out/Modification of Defaulted Mortgage Loans

 

In addition to closing commercial loan transactions for its banking clients, the firm from time to time assists those clients and private lenders with commercial foreclosures, which sometimes leads to the work-out and/or modification of a problem loan. On behalf of one of the private lending clients, Michelle L. Santoro, with the assistance of Joseph P. Harrington, successfully obtained a final judgment of foreclosure and sale; however, on the eve of the scheduled sale, negotiated and documented a settlement and modification of the defaulted loans, to be secured by a first mortgage on a community center, thereby enabling the client to convert the defaulted loans into a performing asset.

 

Representation of Banking Client, as Lender & Administrative Agent, in $90 Million Multi-Bank Secured Financing

Joseph P. Harrington

Joseph P. Harrington

Commercial Finance – Syndicated Secured Lending Transaction

Our commercial finance lawyers often represent banks in transactions involving multiple banks. In one such transaction, Joseph P. Harrington represented one of the firm’s banking clients on a $90 million secured financing in which the firm’s client was the lead lender and acted as Administrative Agent for the transaction.

Extending Term of Maturity of Secured Note

Milton R. Gleit

Milton R. Gleit

Commercial Finance – Corporate & General Business – Extending Term of Maturity of Secured Note

Our Corporate lawyers have much experience in representing clients making loans or investments. Here, Milton R. Gleit represented a note holder to obtain a three year extension of maturity for approximately $2 million of additional cash consideration and a security interest in all assets of the corporate maker.

Presenter Description Organization Date
Douglas S. Trokie
Douglas S. Trokie
James K. Landau
James K. Landau

Impending Legalization of Cannabis 2019: The Buzzz for Businesses

FPA Greater Hudson Valley Chapter, Westchester County Bar Association and Westchester Chapter of the New York State Society of CPAs

06/18/2019
Joseph P. Harrington
Joseph P. Harrington

“The Fundamentals of Financing Real Estate Transactions”

Pace University School of Law, White Plains, New York

03/04/2010
Joseph P. Harrington
Joseph P. Harrington

Commercial Finance and Real Estate Development

Real Estate Law Institute of the Land Use Law Center at Pace University School of Law, White Plains, New York

05/17/2007
Joseph P. Harrington
Joseph P. Harrington

Commercial Lending Issues, as part of a program on “Commercial Real Estate Transactions”

Pace University School of Law, White Plains, New York

04/20/2005
Joseph P. Harrington
Joseph P. Harrington

Commercial Lending Isues,as part of a program on “Commercial Real Estate Transactions”

Pace University School of Law, White Plains, New York

04/21/2004
Joseph P. Harrington
Joseph P. Harrington

Commercial Real Estate Transactions

Pace University College of Law, White Plains, New York

01/17/2001