Michael D. Makofsky

Michael D. Makofsky: Attorney with McCarthy, Lebit, Crystal & Liffman Co., L.P.A.


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.


•Crain’s Cleveland Business 40 under Forty 2011


• Understanding the Capital Stack in an M&A Transaction, Crain’s Cleveland Business, January 2019
• Special Purpose Vehicles: A solution for too many investors? McCarthy Lebit Blog, July 2018
• How to Determine the Best Structure for the Sale of Your Business, Smart Business Magazine, May 2018
• Employee considerations in a transaction, Crain’s Cleveland Business, January 2018
• Proper planning is a critical piece to a successful business sale, Smart Business Magazine, May 2017
• Variations to traditional sale offer additional benefits, Crain’s Cleveland Business, January 2017
• Proper planning can lead to successful business sale, Crain’s Cleveland Business, December 2016
• Before you sign on dotted line, address post-closing obligations in a business sale, Crain’s Cleveland Business, January 2016
•“It’s all in the details - how small matters can greatly affect your transaction,” Crain’s Cleveland Business, January 2015
•On Line Trading and Investor Education, CrainTech.com, Summer, 2002


•“Capital Financing Solutions”, Cleveland Accounting Show, October 2013

Areas of Practice (4)

  • Banking & Finance
  • Business & Corporate
  • Mergers & Acquisitions
  • Venture Capital and Private Equity

Education & Credentials

Contact Information:
216-696-1422  Phone
216-696-1210  Fax
University Attended:
University of Connecticut, B.A.
Law School Attended:
Case Western Reserve University Law School, Cleveland, Ohio, J.D., Case Western Reserve University Law Review, Articles Editor, Associate
Year of First Admission:
U.S. District Court Northern District of Ohio; 1999, Ohio


•Association for Corporate Growth (ACG), Cleveland Chapter, Member
•Ohio State Bar Association, Member
•Cleveland Metropolitan Bar Association, Member & Chair of Business Law Section

Reported Cases:
Experience: Refinancing of a Retail Space; Real Estate Financing; $2.7 Million Construction Loan for Lender; Majority Recapitalization Investment; Foreign Acquisition of Domestic Company; Reconstitution of International Company; $4,335,000 Construction of Office Building; Representation of Lender in Leasehold Deed of Trust; $9 Million Sale of Midsize Medical Practice; Stock Acquisition Purchase $60 Million; Stock Acquisition Purchase $18 Million; Stock Acquisition $10 Million; Contribution and Sale Agreement $35 Million Plus Earnout; Sale $42 Million; Sale $250 Million; Sale $5 Million; Sale $15 Million Plus Future Royalties; Sale $50 Million; Stock Sale $40 Million; Multi-Million Dollar Credit Facilities to various Real Estate Investment Funds; $120 Million Credit Facility to Storage and Logistics Business; $18,900,000 Development of High Profile Project; $40,000,000 Development Transaction involving Tax Credits; Refinancing of Skilled Nursing Home Facility; $3,400,000 Retail Project; $5,800,000 Retail Project; $5,000,000 Urban Development; $6,500,000 Urban Development; In $6,000,000 Retail Property; $15,000,000 CMBS Transaction; $64,000,000 CMBS Transaction; Company that specializes in Recycling Secondary Scrap Metal in $28 Million Credit Facility; Dealer of Equipment and Engine in $50 Million Credit Facility; $50 Million Credit Facility to Chain of Stores; $125 Million Credit Facility to Global Supplier of Metal Alloys; $220 Million Credit Facility to Manufacturer; $4,200,000 Distribution Center; $15,750,000 Student Housing Project; $17,500,000 Apartment Project; $32,000,000 Development of a Mall; $4,000,000 Apartment Complex
Payment Information:
  • Credit cards accepted
  • Accepts Visa, MasterCard and American Express

Peer Reviews

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*Peer Reviews provided before April 15, 2008 are not displayed.

Cleveland, Ohio

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