Jay is a partner in the firm's Business Section where he specializes in a wide range of lending transactions, including commercial real estate, commercial and industrial, senior housing and health care and other asset-based lending transactions. Jay also spends a considerable amount of his practice working on commercial real estate leasing matters, loan workouts and restructuring transactions, loan default and enforcement actions and general real estate law matters. Jay's clients include national, regional and community banking institutions, state pension plans, national and regional real estate investors and managers and commercial borrowers from numerous industries and business sectors.
Representative Experience
· Representing national and regional lenders in many loan restructurings each involving multiple nursing home properties across multiple states. Such transactions also involve cross-collateralization structuring issues and intercreditor negotiations with accounts receivable lenders.
· Representing an international manufacturing client in loans from a national lender in connection with the construction of a manufacturing facility in Alabama and including working capital loan facilities for the operation of such facility. The project involved working on other economic development incentive financing opportunities.
· Representing a national multi-billion dollar real estate investment and manager as local counsel in numerous loan transactions, real estate acquisition projects and commercial leasing matters (including disputes) in Alabama and Tennessee.
· Representing local and community banks in numerous real estate, C&I and other asset-based lending transactions, both in original closings for new transactions and with respect to workouts and enforcement actions for defaulted loans.
· Representing lenders in loans (both originations and workouts) involving special collateral situations such as shipping vessels, various equity interests, life insurance policy portfolios, solar power facilities, and aircraft and automotive supply contracts.
Professional Awards and Honors
· Chambers USA, Banking and Finance (2009-2012)
· Birmingham Business Journal, Leading Lawyers in Alabama
· Birmingham Business Journal, Best of the Bar in Banking
· Alabama Super Lawyers, Rising Star in Banking
· Birmingham Business Journal, Top 40 Under 40
Memberships
· International Council of Shopping Centers
· Alabama Law Institute, Committee for Consideration of Uniform Commercial Code Article 9 Amendments
Speaking Engagements
· "Secured Transactions and Revised Article 9," First American Title Insurance Company Seminar
· "Article 9 Update," Alabama Bar Institute for Continuing Legal Education
· "Security Interests in Odd-Ball Collateral," Alabama Bar Institute for Continuing Legal Education
· "Commercial Real Estate Loan Closings," Lorman Education Services
· "Law Student Legal Employment," American Bar Association, student regional organization and other law student groups
· "Law and Social Media for Law Students," Thomas Goode Jones School of Law, Faulkner University
Publications
· Alabama Secured Transactions Under Revised Article 9 of the Uniform Commercial Code practice manual and treatise published by Data Trace Publishing with annual updates and supplements (2002 to present)
Memberships & Bar Associations
American Bar Association
Alabama State Bar
Tennessee State Bar
Birmingham Bar Association