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Bricker & Eckler maintains a high-volume, sophisticated mortgage lending practice, representing
numerous commercial mortgage lenders, both inside Ohio and nationwide. Our clients include banks, savings and loan institutions,
insurance companies, trusts and real estate investment trusts. We are proficient in handling acquisition loans, land
assemblage and development loans, construction loans, and permanent loans.
We have ample experience in handling transactions capitalized with mezzanine financing, tax increment financing and tax credits.
We also serve as counsel for banks issuing letters of credit to enhance structured bond financings.
Our lawyers and paralegals take a solution related approach to the loan documentation and closing process that is
based on our deep understanding of the business of our lender clients and their customers.
Each of the partners in our mortgage lending practice is recognized by Best Lawyers in America, and our
real estate practice group is rated in the top tier of Ohio firms by Chambers USA.
Our team-based approach involving partners, associates and legal assistants enables us to zealously represent our lender clients while providing value to their customers at a reasonable cost. Our lawyers are experienced in learning and understanding the documentation and procedural requirements of each of our many lender clients.
Representative Mortgage Lending Matters
Condominiums
Counsel for the syndicate of participating lenders in connection with Columbus’ luxury,
high-rise residential condominium and companion office building,
Miranova
Lender’s counsel in connection with $12 million construction loan for a 55-unit
condominium project in the Arena District, Columbus, Ohio
Lender’s counsel for $31 million in acquisition and construction loans for a 91-unit
condominium development in Dublin, Ohio
Lender’s counsel for $11 million in construction loans for a 68-unit
condominium and a 37-unit apartment project in downtown Columbus
$30 plus million mixed-use condominium development in Gahanna, Ohio
Retail/Mixed Use
Lender's counsel in connection with $22 million construction loan for a lifestyle center
located in Cary, North Carolina
Counsel for the lead bank providing construction financing for Easton Town Center, a mixed use, lifestyle
center; the financing, through a consortium of seven national and foreign banks, totaled $210 million
Counsel for the syndicate of participating lenders in connection with central Ohio’s newest and largest
regional mall, Polaris Fashion Place
Lender's counsel in connection with a participated $60 million financing for
construction of a lifestyle center in Deerfield Township, Ohio
Counsel for a major Ohio lender in the $14.1 million refinance of a retail shopping center in
Delaware County, Ohio
Lender's counsel in connection with a participated $54 million financing for
construction of a lifestyle center in Lakeland, Florida
Lender's counsel in connection with a participated $25 million financing for
construction of a lifestyle center near Sarasota, Florida
Lender’s counsel for a $72 million multi-state acquisition loan of existing retail portfolio
consisting of eight retail shopping centers in four states
Lender's counsel for a $36.8 million mortgage loan and revolving line of credit facility for the
acquisition of six shopping centers located in Ohio, Indiana and Illinois
Counsel for lead lender in acquisition, construction and development loans aggregating $100 million for multi-use
development (retail, office and multi-family) known as The Waterfront in Pittsburgh, Pennsylvania
Multi-Family Housing
Lender's counsel in connection with a participated $75 million revolving construction loan
for a 600 unit condominium complex in the Florida panhandle
Counsel for the syndicate of participating lenders in connection with Columbus’ luxury, high-rise residential
condominium and companion office building, Miranova
Lender’s counsel in connection with $12 million construction loan for a 55-unit condominium project in the
Arena District, Columbus, Ohio
Lender’s counsel for $31 million in acquisition and construction loans for a 91-unit condominium development in Dublin, Ohio
Lender's counsel in connection with participated $45 million financing of luxury condominium project in downtown
Sarasota, Florida, together with associated retail space
Lender’s counsel for $11 million in construction loans for a 68-unit condominium and a 37-unit apartment project in
downtown Columbus
Counsel for a major Ohio lender in securing a $24 million bridge loan by an
apartment tower in downtown Philadelphia, Pennsylvania
Office/Business Facilities
Counsel for letter of credit bank providing credit enhancement for certain tax-exempt
economic development revenue bonds issued by the Rickenbacker Port Authority for the construction of three
YMCA facilities; reimbursement obligations were secured by leasehold mortgages on three facilities
Lender's counsel for the $29 million construction mortgage financing of Phase II of the
Chase Manhattan Mortgage Corporation building located in Easton, Columbus, Ohio
Counsel for a major Ohio lender in securing a $25 million line of credit
by real estate in Ohio and California
Hotels
Counsel for major Ohio lender in a $17.5 million construction loan for a hotel in New Jersey
Counsel for a major Ohio lender in $11.7 million construction loan for a hotel in Delaware
Counsel for a major Ohio lender in a $26 million construction loan for conversion of apartments to a hotel in Indiana
Low Income Housing
Lender’s counsel for $7.5 million bridge financing for a New Markets Tax Credit leveraged loan
transaction
Lender’s counsel with closing construction and permanent loans under the U.S.
Department of Agriculture Rural Development Section 538 loan guarantee program for multi-family housing
Counsel for numerous national banks in their capacities as construction and/or permanent
lenders on affordable housing and low income housing tax credit projects throughout Ohio and other states
Multi-Property/Multi-State Transactions
Lender's counsel for $25 million line of credit to be utilized to provide mezzanine financing
for apartment projects throughout the country; primary source of repayment is the promise of third
party to contribute equity to each project upon completion of construction Lender’s counsel in connection with $20 million secured line of credit for
acquisition, renovation and construction of grocery stores in multiple states
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