REIT Credit Facilities: Structuring Considerations, Key Terms, Financial Covenants, Developments and Trends

Ms. Patterson’s practice focuses on commercial lending, loan workouts and restructurings, and business law. She has extensive experience representing borrowers and lenders in connection with secured and unsecured revolving, bridge and term loan facilities, including both cash-flow and asset-based facilities. Ms. Patterson also represents residential mortgage companies and lenders in financing servicing advance receivables and mortgage servicing rights. In addition, she advises a broad range of funds and their sponsors in all types of fund financings, including subscription facilities, net asset value (NAV) financings and hybrid financings. Ms. Patterson regularly advises clients on corporate law issues and provides counsel on contract compliance. She has spoken at national conferences and written on topics related to her practice, including negotiating and complying with credit agreements and asset-based facilities and has been an adjunct law professor at the University of Richmond School of Law.

Ms. Tobin’s practice focuses on the representation of corporate borrowers in both cash-flow and asset-based financings. She has experience representing borrowers and lenders in connection with secured and unsecured revolving, bridge and term loan facilities, including acquisition financings, recapitalizations and “going private” transactions, with an emphasis on the representation of portfolio company borrowers. Ms. Tobin also represents residential mortgage servicers and lenders in financing servicing advance receivables and servicing rights.