Gail has served as chair of the Firm's Real Estate Department and has particular knowledge in a wide variety of construction and project financing, including affordable housing, apartments, hotels, power retail centers, office and industrial space, and assisted living and other healthcare facilities. Her experience includes mezzanine finance transactions and projects involving low income housing tax credits, historic tax credits and new markets tax credits. She also frequently represents asset-based and middle market lenders for a broad spectrum of companies. Her practice frequently includes representations of agents/lead lenders in syndicated senior and mezzanine loans. She also has extensive experience in commercial loan restructurings, workouts, foreclosures, note sales, and REO sales.
Gail represents real estate developers and lenders owning foreclosed property in the acquisition, sale, development, financing, and leasing of real property. Gail has been listed in the Banking Law and Real Estate Law sections of The Best Lawyers in America since 1995. She is also listed in the Financial Institutions and Transactional Law and Financial Law sections of the publication. She has also been included in Chambers USA 2006 - 2011 as a leading lawyer in Banking & Finance and Real Estate. Thomson Reuters has listed her as a Rhode Island Super Lawyer for many years and as one of the Top 100 New England Super Lawyers (2008), one of the Top 10 Rhode Island Super Lawyers (2008-2011), and one of the Top 50 New England Women Super Lawyers (2008-2011).
Notable Experience
· Gail represented the lender in an $11,340,000 mezzanine loan for 21 industrial properties in and around Dallas, TX.
· She represented the construction and bridge lender in a $3,600,000 mixed use (public housing and Section 8) financing in New Haven, CT.
· Gail represented the borrower in a $70 million construction loan for a hotel and residential condominium project in Rhode Island.
· She represented the lender in a $23,226,000 hotel renovation and mini-perm loan for a hotel in Albuquerque, NM.
· Gail represented the construction and bridge loan lender and the senior leverage loan lender in connection with the rehabilitation of an office building in downtown Providence, RI into a mixed use facility (apartments, artists' studios, retail and restaurant space) using new markets tax credits as well as federal and state historic tax credits.
· She represented an agent and lender in several syndicated bridge loan financings for nontraded REITs for multi-family, industrial and retail properties around the country.
· In a $240 million syndicated refinancing of a major office tower complex in Chicago, IL, and in a $75 million syndicated refinancing of a large office tower building in San Francisco, CA; Gail served as counsel to the agent/lender.
· Gail represented the lender in foreclosing the partnership interests pledged to secure the repayment of a mezzanine real estate loan for a retail shopping center in Florida.
· She served as counsel to an out of state lender in connection with the foreclosure of an industrial warehouse building in Providence, RI and the subsequent lease up of the building and sale to a third party purchaser.
· Gail represents a lender for bridge loan financings involving Delaware Statutory trusts.
· She represents a lender in connection with bulk sales of commercial middle market and real estate loans to a number of purchasers.
· Gail also served as counsel to the agent/lender for the $71.3 million acquisition, rehab and construction loan for a mixed retail and office facility in Virginia.
· She represented the agent/lender in two loans and a letter of credit provider in a bond facility using federal and state historic tax credits for the construction/renovation of a hotel, an apartment complex, and a condominium project in Rhode Island.
· Gail was counsel to the agent/lender in financing several "40B" multifamily affordable housing projects in Massachusetts.
· She represented the lender in a $25 million term and revolving credit facility involving U.S. dollar and Euro currency financing to a group of manufacturing companies based in the U.S. and the Netherlands.
· Gail was counsel to the construction and bridge loan lender for the renovation of a theater in Davenport, Iowa using new markets tax credits and federal and state historic tax credits.
· She represented lenders in several RI projects using low income housing tax credits and/or FLHBB AHP funds including a scattered site residential rental project in Providence, RI, renovation of a mill building into apartments in Burrillville, RI, and apartment properties in North Kingstown and Tiverton, RI.
· Gail served as counsel to a corporate borrower in the gaming industry in a $300 million syndicated revolving credit facility.
· She also acted as counsel to letter of credit providers in connection with tax-exempt financings for a large manufacturing facility, a middle school, a hotel, a health facility, an indoor golf dome, and other facilities.
· Gail represented an agent/lender in a $43 million revolving credit and term loan facility for a retail gasoline and convenience store business. 210 stores in New York and New England secured the facility.
· She represented a lender in $28 million worth of revolving credit and term loan facilities for a large electrical contractor. This transaction involved doing business in several locations across the country. The facilities also involved complex intercreditor issues with a major insurance company.
· Gail represents lenders and borrowers in connection with analysis, negotiation, and redocumentation of both commercial and commercial real estate troubled loans.
Recent Speaking Engagements and Publications
· "Lender Liability Law," presenter, Edwards Angell Palmer & Dodge webinar, October 4, 2010.
· "Recent Developments in Mechanic's Lien Law," moderator, Rhode Island Bar Association 2010 Annual Meeting, June 10, 2010.
· "New Market Tax Credits," presenter, Edwards Angell Palmer & Dodge webinar, April 6, 2010.
· "An Overview and Discussion of Destiny USA Holdings, LLC v. Citigroup Global Markets Realty Corp.",presenter, Edwards Angell Palmer & Dodge webinar, December 8, 2009.
· "Commercial Real Estate Loan Workouts," presenter, Edwards Angell Palmer & Dodge webinar, January 28, 2009.
· Gail is a frequent speaker at seminars and other forums on commercial lending, environmental issues and commercial real estate ownership and financing, and workouts.
· She has served as a Faculty Presenter for many years at the Rhode Island Bar Association's seminar on "Basic Commercial Loan Documentation." She has presented seminars for the National Business Institute on Rhode Island real estate transactions and on avoiding environmental liability in Rhode Island commercial real estate transactions.
News & Publications
June 21, 2011, Edwards Angell Palmer & Dodge Recognized by Chambers USA in 17 Categories
October 7, 2010, EAPD Attorneys Selected For Inclusion in Super Lawyers 2010
August 10, 2010, Sixty EAPD Attorneys Recognized by the Best Lawyers in America
June 23, 2010, Chambers and Partners Recognizes EAPD in Nineteen Areas
November 6, 2009, EAPD Attorneys Selected For Inclusion in Super Lawyers 2009
September 1, 2009, 62 EAPD Attorneys Recognized as Best Lawyers in America 2010
June 12, 2009, Chambers and Partners Recognizes Firm in Nineteen Areas
February 4, 2009, 57 EAPD Attorneys Recognized as Best Lawyers in America 2009
October 30, 2008, EAPD Attorneys Named Super Lawyers 2008
June 13, 2008, Chambers and Partners Recognizes Firm in Twenty Areas
October 30, 2007, EAPD Attorneys Named Super Lawyers 2007
October 10, 2007, 57 EAPD Attorneys Recognized as Best Lawyers in America 2008
June 18, 2007, Chambers and Partners Recognizes Firm in Twenty Areas
November 29, 2006, EAPD Serves as Lead Counsel for Mortgage Financing Secured by 2.6 Million Acres of Timberland and Timber, with Purchase Price of $3.16 Billion
Team of 15 Attorneys Serve as Lead Counsel on Deal
Edwards Angell Palmer & Dodge LLP
September 5, 2006, Edwards Angell Palmer & Dodge Attorneys Recognized as "Best Lawyers in America"
June 7, 2006, Edwards Angell Palmer & Dodge Recognized By Chambers USA
Besides Edwards Wildman
Gail is a member of the Professional Advisory Council of the Rhode Island Foundation (one of the largest community foundations in the U.S. and the only one serving Rhode Island). She is a Past President of the Brown University Alumni Association and a class officer and fundraiser for Brown University.
Gail enjoys hiking, kayaking, biking, yoga, and traveling and spending time with her Australian Labradoodle puppy.
Events
April 6, 2010, New Markets Tax Credits
January 28, 2009, Commercial Real Estate Loan Workouts
Memberships
· American College of Mortgage Attorneys (Fellow and member of the Board of Regents)
· Rhode Island Bar Association
· Rhode Island Bar Foundation Fellow
· Rhode Island Foundation (Professional Advisory Council)