W. Kent Ihrig is Chair of Shumaker’s firm-wide Financial Services practice group and has substantial experience in representing financial institutions and other lenders in a wide variety of domestic and international commercial lending and related activities including corporate finance, healthcare finance, real estate acquisition/development, construction and term lending, ground lease financing, asset based lending, receivables financing, mezzanine financing, subordinated debt, utilities and regulated industries financing, mortgage warehouse lending, hospitality, golf course and country club financing, liquor license financing, aircraft financing, rental car and trucking fleet financing, preferred ships mortgage financing, bank to bank lending, letters of credit, workouts and compliance issues.
Additionally, Kent has been involved in the financing of several public/private projects in the Tampa Bay area as counsel to special districts, issuer’s counsel, developer’s counsel, underwriter’s counsel and credit enhancer’s counsel, including port facilities, airport improvements, and serving as counsel to a Major League Baseball club in connection with development and construction of a spring training/minor league baseball stadium and related facilities.
He frequently lectures on commercial loan documentation, secured transactions, lender liability and opinion letter issues.
Kent has closed real estate lending transactions in over twenty-eight states on numerous types of properties including anchored retail shopping centers, strip centers, office buildings, medical office buildings, specialized treatment and radiology centers, industrial and warehouse facilities, hospitality properties including hotels, motels and golf course/resort properties, airport improvements, broadcast facilities, mixed use developments, subdivisions,condominium and multi-family properties.
He has also had a great deal of experience in representing lenders to a wide range of business interests including the healthcare industry, the insurance industry, the restaurant industry, the hospitality industry, technology companies, waste management, the trucking industry, the car rental industry, the broadcast industry, retailers and professional sports teams.
Kent also regularly represents a number of institutional lenders in connection with structuring, negotiating and documenting asset restructures, asset recoveries and dispositions, and loan workouts, including forbearance agreements, structured settlements, deeds in lieu of foreclosure and cash collateral arrangements. He has also represented lenders in debtor in possession (“DIP”) loan transactions.
Kent has served as transactional and development real estate counsel to single family and multi-family residential developers, including those developing deed restricted communities, condominiums, apartment complexes, marinas, dockominiums and rackominiums, hotel properties, shopping center developers and office building and office park developers.
Kent serves as counsel to public and private companies, equity and venture funds, and portfolio companies in connection with syndicated borrowings including revolving credit facilities, term loan A and term loan B facilities, acquisition and roll-up financings and debt offerings and placements.
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