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Summit, NJ 07901
Direct Dial: 908-273-1177
West Caldwell
175 Fairfield Avenue #1A
West Caldwell, NJ 07006
Phone: 973-403-1661

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Banking Transactions
Russo Tumulty provides services to lenders in the asset-based, factoring, mortgage, line-of-credit, and equipment financing fields. Decades of service to lenders on the cutting edge have provided the attorneys of Russo Tumulty with the edge lenders need, whether they be banks, insurance companies, factors, or other specialty lenders.  Howard Thompson was recognized in the August 2012 edition of Inside Jersey as an expert in banking and business law.

Key Benefits

  • Decades of Experience
  • Wide breadth of lending transactions
  • Timely service

Recent transactions handled by Russo Tumulty attorneys include:

  • a $15 million revolving credit agreement with guaranties, cash collateral and control agreement, and negative pledge agreement;
  • $7.5 million in conduit financing for a $9.5 million restructuring and acquisition of real estate and operating company LLCs;
  • $2 million guaranty and mortgage (factor's counsel);
    a $33 million asset-based lending facility with international inventory sources (lender/agent’s counsel);
  • a $26 million real estate purchase finance (lender’s counsel);
  • an $85 million bankruptcy structuring, settlement, sale and financing
    (secured creditor counsel);
  • a $3 million equipment and real estate financing (secured creditor counsel);
  • an $850,000 term loan and line of credit facility;
  • a $5.6 million loan restructuring with collateral in the USA, Canada, Australia, Singapore, Ireland and Great Britain;
  • a $25 million real estate purchase (REIT counsel);
  • a $35 million asset-based lending facility (borrower’s counsel);
  • a $7 million forbearance and restructuring (lender’s counsel);
  • a $10 million grid note and general indemnity agreement (insurance company counsel);
  • a $1.7 million commercial office building loan (lender’s counsel);
  • a $5 million hotel loan (lender’s counsel);
  • a $1.5 million guaranty and mortgage on land and mineral rights (lender's counsel);
  • a $4 million collateralized guaranty with real estate (insurance company counsel);
  • mortgage and collateralization documentation for gold mine and mining assets; and
  • numerous financings for solar power projects.

For assistance with your needs, please contact Howard Thompson, Esq. at 973-993-4477 or hthompson@russotumulty.com.

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