Michael D. Makofsky is a principal at McCarthy Lebit. He represents diverse businesses in transactional, day-to-day industry matters including those businesses who are selling, acquiring, reorganizing, or merging. Mr. Makofsky assists clients in all aspects of complex mergers and acquisitions (M&A), such as structuring the transaction, performing due diligence, securing financing relationships, negotiating terms and documenting transactions. He also works closely with angel and venture capital funds, corporate strategic investors, family offices and other institutional investors structuring investments and transactions. He works to provide practical counsel designed for the unique needs of emerging growth companies.
Mr. Makofsky also represents a broad range of financial institutions and financial service providers, including banks, commercial finance companies, mezzanine and specialty lenders. Mr. Makofsky counsels borrowers, agents and syndicate members in commercial finance transactions ranging from large transactions to single-lender, single-borrower transactions. He has significant experience in asset-based lending, cash flow lending, multi-state, multi-currency and cross-border secured financing, financing secured by unusual types of collateral, ESOP loans, letter of credit facilities, health care financing, bond financing, and other capital transactions.
Closed on the refinance of a Canton shopping center for $2.7 Million.
Closed a real estate refinancing for two buildings consisting of $5 million in senior debt and $4 million of mezzanine debt.
Closed a $2.7 million construction loan for Northeast Ohio regional lender.
Represented a machining products company in a majority recapitalization investment from a private equity firm for over $20 million including a rollover investment.
Represented a foreign public corporation in the multi-million dollar acquisition of a domestic company.
Handled the reconstitution of an Indian company into a US corporation in order to bring in investors from the United States.
Represented Owner in $4,335,000 construction financing for an office building in downtown Cleveland.
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.
Counsel to Seller-Physicians in the $9 million sale of a midsize medical practice to a large local hospital system.
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 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 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.