Firm News & Legal Alerts

Wednesday, September 4, 2019

$70 million funding transaction completed

On September 4, 2019, Michael D. Brofman and Jessica Seidman successfully completed the closing on a major funding for a financial services client, which provided up to $70 million of funding, allowing it to more than triple its business. Working with the investment banker for the client and counsel for the lender, the Weiss Zarett team engaged in many delicate negotiations over a six week period, including structuring and overseeing opinion letters from out of state counsel and negotiating multiple subordination agreements and document modification, in order to close on the loan transaction. All this, while keeping the legal fees charged to the client to less than 25% of the amount charged the client by the lender’s counsel.


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