Representative Matters: Firm Represents Regional Bank in Refinancing Credit Facility and Acquisition; Halloran & Sage represented a regional bank in refinancing credit facilities previously extended to a prominent Connecticut based company, with a separate mortgage, term and line of credit loan in the aggregate amount of $35, 000, 000. The additional proceeds were used to finance the company's acquisition of a local competitor. Halloran & Sage, led by business law partner Robert Cox and attorney Jaimee Z. Newman successfully counseled the bank through complex questions regarding the nature and extent of the bank's rights to the unique assets owned by the company. The deal was negotiated, documented and closed within approximately 30 days, to accommodate the seller's year-end deadline.; H & S Represents Large Regional Bank in Modifying and Extending Credit Facilities to Local Manufacturer; Halloran & Sage, represented a large regional bank in modifying existing credit facilities, and extending an additional facility, to a Connecticut manufacturing company. The additional proceeds were used by the company to acquire new business assets. All facilities were cross-collateralized and cross-defaulted, such that the bank can look to the assets of the company and its affiliates as security for all of the loans. The deal led by business law partner Robert Cox and attorney Jaimee Newman, was negotiated, documented and closed in less than 30 days to accommodate the parties' desire for a year-end closing.; Multifaceted Health Care Development and Construction Deal Negotiated, Documented, and Closed; Halloran & Sage successfully counseled a large Connecticut construction and real estate firm through the negotiation, documentation, and closing of the development and construction a new health care facility and an adjacent medical office building. The project involved the negotiation and preparation of a participation agreement, a purchase and sale transaction, reciprocal easement agreements, construction contracts and leases. Additionally, Halloran & Sage represented its client in securing and documenting $19, 500, 000 of construction financing.; The Halloran & Sage team was led by real estate partner James Maher and also included real estate associates Matthew Teich, Jaimee Newman and Casey O'Connell, construction partner William Wilson, II, and legal assistant Karel Ortolani.; H & S Negotiates a Complex Loan and Forward Start Swap Transaction to Capitalize on Low Floating Interest Rates; A team of attorneys from Halloran & Sage Business Law Group, led by attorneys Robert Cox and Jaimee Newman, successfully counseled People's United Bank through the negotiation, documentation and closing of a financing transaction in which People's United Bank extended a first mortgage loan for the acquistion and development of a gas station and service center in New York state. In order to capitalize on the low floating interest rate environment, and to accommodate the Borrower's desire for fixed rate financing, the loan was closed, in advance of funding, together with a forward start interest rate swap. The loan proceeds were advanced, and the swap became effective, upon completion of the project. Halloran & Sage's prior experiences with such transactions enabled it to accurately document, and counsel both the bank and borrower through, the complex process.; H & S Closes the Financing of 25 Group Homes Throughout the State of Connecticut; Halloran & Sage represented the Connecticut Housing Financing Authority in its financing of twenty-five community residential facilities, commonly known as group homes, throughout the State of Connecticut. Each of the twenty-five transactions involved a unique and complex set of documentation, title, insurance and other due diligence matters. Through coordination with CHFA's internal team and outside bond counsel, Halloran & Sage successfully negotiated and resolved all matters to close the transactions within the requisite short term closing period. Completion of these transactions ensures that the facilities will continue to serve as group homes for those with developmental disabilities for the next three decades. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associate Jaimee Newman.; H & S Represents a Connecticut State Housing Authority in the Financing of an Affordable Housing Complex; Halloran & Sage, led by business law partner Robert Cox and real estate associate Jaimee Newman, was chosen to represent the Connecticut Housing Financing Authority in its extension of a $23, 000, 000 construction to term loan facility for the development of a Section 8 multifamily apartment complex in New Haven, Connecticut. The transaction involved multiple levels of financing, from various state and federal agencies, all of which were subordinate to the CHFA financing. Halloran & Sage provided counsel to CHFA on various documentation and due diligence matters, including complex title and survey, zoning and opinion issues. Closing of this transaction will allow for the construction and operation of 100 affordable housing units for residents of State of Connecticut for the next four decades.; Transactional Group Counsels Bank in Modifying and Expanding Multiple Credit Facilities to a Prominent Connecticut Company; Halloran & Sage represented TD Bank, N.A. in substantially modifying and expanding upon various credit facilities previously extended to a prominent Connecticut based company. In addition to providing working capital for the company, the facilities will provide financing for the construction of an addition to the company's headquarters, necessitated by a simultaneous merger transaction. To accommodate the Borrower's desire for fixed rate financing, a forward start interest rate swap was successfully completed relative to the construction facility, intended to become effective upon completion of the addition. Halloran & Sage's prior experiences with such transactions enabled it to accurately document, and counsel both the Bank and Borrower through, the complex process. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associate, Jaimee Z. Newman.; Transactional Team Maneuvers through Complex Tax and Environmental concerns to close a $7M Mortgage Loan; Halloran & Sage represented a large Connecticut bank in closing a $7M first mortgage loan secured by property located in Wallingford, Connecticut. To address complex tax and environmental matters, and to accommodate the customer's desired use of the loan proceeds, a unique co-borrower structure was developed. Whereby both the fee owner of the property and its Principal, the originally intended payment guarantor, were co-borrowers of the loan and thus primarily liable for the debt. In addition to a first mortgage lien on the real property and related collateral, the loan was secured by a first priority lien and security interest upon certain limited liability company membership interests owned by the Principal in an affiliated entity. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associate, Jaimee Newman and legal assistant, Karel Gargiulo.; Connecticut Properties Refinancing Matter Administered by Firm; Halloran & Sage was chosen to be among six prominent Connecticut law firms to counsel a Connecticut State Housing Authority through the refinancing of, and extension of additional financing for, a fourteen property portfolio which serves as Section 8 housing throughout the State of Connecticut. Readily accommodating a year end closing date, Halloran & Sage successfully documented the restructuring and additional financing for housing developments located in New Britain, Connecticut, and Groton, Connecticut, and provided counsel to the Authority on all due diligence matters, most notably complex title issues. Completion of these transactions ensures that the developments will continue to serve as affordable housing for residents of State of Connecticut for the next four decades. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associates, Jaimee Newman and Matthew Teich.; H & S Successfully Counsels U.S. Bank National Association in Closing of $45M Mortgage Loan Facility; Halloran & Sage successfully counseled U.S. Bank National Association through the negotiation, documentation and closing of a $45M mortgage loan facility, under which U.S. Bank holds a $30M participation interest and serves as collateral agent. The financing was provided in connection with the purchase and sale of 100 Arlington Street, located in the heart of downtown Boston, Massachusetts. The facility is structured to provide an interim mortgage loan to the seller until such time as the closing of the purchase and sale transaction occurs. Upon the closing of the purchase and sale transaction, the facility will provide the financing for the acquisition of the property. The Halloran & Sage team was led by real estate partner, James Maher and also included real estate associate, Jaimee Zuboff and legal assistant, Karel Gargiulo.; H & S Counsels Lead Lender in $70M Luxury Hotel and Condo Deal; Halloran & Sage recently completed closing of a $70M construction loan facility for the luxury Ocean House Hotel and Condominium located in Westerly, Rhode Island. The firm served as counsel to U.S. Bank National Association, as lead lender for the bank group providing the financing. This project involves the complete renovation of an historic beachfront hotel into a 48 room luxury hotel with 24 residential condominium units. The Halloran & Sage team was led by real estate partner, James Maher and included construction partner, Bill Wilson, real estate associate, Jaimee Newman and legal assistant, Karel Gargiulo.; H & S Negotiates Financing for Mixed-Use Redevelopment Project; Halloran & Sage represents U.S. Bank National Association in closing a $30, 700, 000 senior construction financing for the redevelopment of the historic Rumford Chemical Works facility in East Providence, Rhode Island. This project, which consists of a mix of residential, commercial and retail uses, will be renovated under state and federal historic tax credit programs and includes the use of a land condominium and included the potential for additional project level sub-condominium declarations. The H & S legal team was led by James Maher and included Jaimee Zuboff and Karel Gargiulo.