Brian P. Farnan is a principal at McCarthy Lebit. His practice focuses on real estate and commercial lending, real estate, mergers and acquisitions, capital formation and general corporate law.
Brian has extensive real estate lending experience representing lending institutions, (including banks, life insurance companies, etc.) and borrowers in the negotiation and documentation of construction, permanent, mezzanine, tax credit (historic and new markets) real estate financing and related loan restructuring/forbearance transactions. He has diligently represented National City Bank and now, PNC Bank, in connection with over one hundred real estate transactions over the previous decade. Brian also regularly represents financial institutions and borrowers on acquisition and other commercial financing transactions, including loan restructuring/forbearance transactions.
In addition, Brian’s experience includes representing clients on real estate transactions, mergers, acquisitions, divestitures, entity formation, contract negotiation and general corporate matters.
$2.4 million real estate loan representing commercial lender
Represented the lender in connection with a $12,000,000 real estate loan secured by a leasehold deed of trust on real property located in California that contemplated a future lot split, release and development of a portion of the collateral property.
Represented a company that is global provider and seller of process automation, material conveying, and air conveying solutions for industrial and manufacturing facilities in a contribution and sale agreement to a private equity firm for a purchase price of over $35 Million plus an earnout for an additional percentage of equity.
Represented a developer of adhesive and sealant products in a stock acquisition of a complementary line of business for a purchase price of over $60 Million.
Represented a developer of adhesive and sealant products in a stock acquisition of a complementary line of business for a purchase price of $18 Million.
Represented a company that markets and distributes maintenance and repair products throughout the world in a stock acquisition for a purchase price in excess of $10 Million.
Represented a company that manufactures respiratory protection and filtration equipment for a sale price in excess of $42 Million.
Acted a special counsel to certain shareholders in connection with the sale of a medical device company for a sale price of over $250 Million.
Represented a company engaged in the retail sale of propane gas and related products for a sale price of over $5 Million.
Represented a developer of biosurgery and pharmaceutical products in the sale of four separate business units for a combined sale price of $15 million plus future royalties of up to $32 Million.
Represented a private equity firm in the sale of a portfolio company for a purchase price of over $50 Million.
Represented the shareholders of a company that manufactures and provides logistics for a complete line of gas management systems, compressed gas fittings, assemblies and manifolds for the alternative fuel, welding, cryogenic, medical and specialty gas markets throughout the world in a stock sale to a private equity firm for a purchase price of over $40 Million.
Represented lender with several multi-million dollar credit facilities extended to various real estate investment funds.
Represented the agent and lead lender in connection with a $120 million syndicated revolving and term loan credit facility to a group of related borrowers engaged in the storage and logistics business to facilitate a significant acquisition.
Represented lender in a complex $18,900,000 loan transaction to fund the development of a high profile $272,000,000 project involving 35 sources of project financing.
Represented developer in a complex high profile $40,000,000 development transaction involving federal and state historic tax credits and new markets tax credits.
Counsel to local nursing home operator in connection with refinancing of skilled nursing home facility.
Represented lender in $3,400,000 amended loan facility for a retail project in Missouri.
Represented lender in $5,800,000 amended loan facility for a retail project in Iowa.
Represented lender in $5,000,000 revolving credit facility to fund infrastructure improvements in connection with a large scale planned urban development in Colorado.
Represented lender in $6,500,000 revolving credit facility to fund infrastructure improvements in connection with a large scale planned urban development in New Mexico.
Represented lender in $6,000,000 mezzanine loan facility for the development of a retail property.
Represented owner of commercial property in Ohio in $15,000,000 CMBS transaction.
Represented owner of commercial properties in Ohio in $64,000,000 CMBS transaction.
Represented a company that specializes in recycling secondary scrap metal in a $28 million asset based credit facility (revolving and term loans) which included the granting of a security interest in non-traditional assets.
Represented an authorized dealer of equipment and engines for a global organization in connection with a $50 million asset based credit facility (revolving, term and real estate loans) which included inter-creditor issues from various financing sources.
Represented the agent and lead lender in connection with a syndicated $50 million asset based revolving credit facility extended to a national chain of religious product stores, which included the negotiation of inter-creditor issues in connection with the issuance of a $25 million second lien note.
Represented the agent and lead lender in connection with a syndicated $125 million asset based credit facility (revolving and term loans) extended to a publicly-traded global supplier of metal alloys, which included the negotiation of complex inter-creditor issues in connection with the issuance of a $35 million subordinated note.
Represented the agent and lead lender in connection with a syndicated $220 million multi-currency asset based revolving credit facility extended to a publicly-traded diversified manufacturer with operations throughout the world.
Represented lender in $4,200,000 construction facility for the development of a distribution center in New York that involved a complex tax structure in connection with a public/private transaction.
Represented lender in $15,750,000 construction facility for an student housing project in Ohio.
Represented lender in $17,500,000 construction facility for an apartment project in Tennessee.
Represented lender in $32,000,000 construction facility for the development of a mall that utilized Indemnity Deeds of Trust to minimize transfer taxes.
Represented lender in $4,000,000 construction financing for apartment complex in Ohio.