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Edward A. McMerty, III
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Edward A. McMerty, III

Counsel

Philadelphia, PA
 
 
 
  • Represented a client-lender in its borrower's bankruptcy case, including participation in negotiation of debtor-in-possession (DIP) loan agreement, drafting numerous DIP financing motions and matters related to the bankruptcy sale of the borrower's real property and landfill business.
  • Managed solely loan extension transaction and periodic discounted loan payoff for national bank's $33 million loan portfolio to a national real estate developer, including periodic lender-directed sales of portfolio projects.
  • Managed solely an automobile finance company's national commercial mortgage and construction mortgage loans to its affiliated auto dealer customers valued at $1 million to $15 million.
  • Represented a two regional hospital with respect to leases and subleases for out-patient care, including subleases in office centers, shopping centers and grocery store sites.
  • Managed solely a manufacturer's $140 million secured credit facility, including mortgage financing of 12 properties, representing a manufacturing borrower.
  • Managed solely deed in lieu of foreclosure transaction whereby national bank group took title back on a 18-story central business district office building and subsequent marketing and sale of office building to third party purchaser.
  • Represented buyers in Section 363 real estate sale agreements for acquisition of property from a bankruptcy estate.
  • Managed solely discounted loan payoff for national bank's $25 million loan portfolio to a local real estate developer.
  • Served as senior associate on the purchase and sale of 15 properties, including the sale of a $330 million, 21-office building portfolio, purchase/leaseback of the seller's corporate headquarters.
  • Managed solely a manufacturer's $115 million secured credit facility, including mortgage financing of 12 properties representing a manufacturing borrower.
  • Managed solely the purchase and sale of eight properties valued at $1 million to $10 million, including two properties with significant environmental remediation issues.
  • Represented client borrowers or client lenders on numerous secured credit facilities ranging from $15 million to $135 million, including secured bond financing.
  • Represented client lenders on numerous secured credit facilities ranging from $25 million to $110 million, including a public bond financing.
  • Represented a commercial mortgage lender in connection with the drafting and filing of 120 proofs of claim asserting the client's lease termination claims in a large retailer bankruptcy case.
  • Served as senior associated and primary real estate counsel to national bank group in global restructuring transaction among multiple national bank group as to $125 million loan portfolio for local real estate developer.
  • Represented a regional banking association with respect to ground lease for a number of its bank branches and numerous leases amendments, including term extensions and partial surrender of space amendments, sale and leaseback of branches, lease disputes with landlord (including CAM and operating expenses chargeback valuations).
  • Managed solely the representation of a client, who was the second mortgagee of a failed shopping center project, in state court litigation with appointment of receiver and bankruptcy case, including several proposed sales of the property.
  • Served as a commercial real estate investment firm/developer's sole in-house counsel during the client's general counsel's eight-week leave of absence.
  • Represented numerous landlords and tenants with respect to commercial, office and shopping center leasing, including ground leasing and build-to-suit leases, subleases, landlord consent to subleases, lease termination agreements and lease amendments (including, term extensions and partial surrender of space amendments).