Stites & Harbison possesses extensive experience in commercial lending transactions having represented major commercial and regional banks, credit unions, insurance companies, placement agents and trust companies – as well as borrowers, developers, and lessees, in a wide range of commercial financing transactions throughout the United States.
Our attorneys routinely handle the most sophisticated and complex structured financing transactions including syndicated credit facilities, synthetic lease transactions, securitizations, tax-exempt bond financing, tax increment financing, and tax credit financing. Additionally, we assist our small business and start-up clients in closing SBA 7(a) and 504 agency-guaranteed loans; and structuring, negotiating, documenting and recovering commercial, real estate, and consumer loans.
Our experience also includes:
- Leveraged equipment financing
- Vendor financing programs
- Project financing
- Conduit lending
- Mortgage warehouse lending
- Leveraged acquisition lending
- Leveraged employee stock ownership plan loans
Stites & Harbison attorneys manage a variety of asset-based loan transactions with collateral ranging from traditional accounts receivable and inventory to more specialized property such as equine bloodstock, hospital and nursing home assets, music portfolios, mobile kitchens, fleets of mobile offices, aircraft, barges, rolling stock, securities and investment property, agricultural installations, telecommunications networks, and various types of capital manufacturing equipment.
With every transaction, we strive to minimize client risk while providing appropriate solutions that address our clients’ legal and business needs.
Due to foreclosure and eviction moratoriums, voluntary forbearances, or the influx of government stimulus, the anticipated wave of creditor actions as a result of the pandemic have been held at bay.
LOUISVILLE, Ky.—Stites & Harbison, PLLC announced today that three attorneys have been promoted within the law firm effective January 2021.
In this recorded webinar, Creditors' Rights & Bankruptcy attorneys Elizabeth Lee Thompson, Brian M. Bennett, Chrisandrea L. Turner and John S. Wathen discuss the latest legal issues impacting businesses during these uncertain economic times.
On Friday, October 30, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a new, long-awaited final rule to bring the Fair Debt Collection Practices Act (“FDCPA”) regulations into the 21st century. In announcing the change, the CFPB had the same idea as me: distinguishing the differences between pop culture and collection practices in 1977 and 2020.
On August 12, 2020, the Tennessee General Assembly passed the COVID-19 Recovery Act (the “Act”), which was enacted into law by Governor Bill Lee’s signature on August 17, 2020.
On August 12, 2020, the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) delivered a harsh blow to lenders and consumers in the residential mortgage market when they announced they would impose a .5% fee (i.e., a 1/2 “point” in mortgage finance parlance) on refinance mortgages purchased by Fannie Mae and Freddie Mac after September 1, 2020.