Finance & Lending

Delivering
value

Overview
Experience
Professionals
Insights

Overview

Turner Padget represents lenders, developers, investors and business owners in structuring and closing sophisticated real estate financing transactions across the Southeast. Our team brings a practical, deal-focused approach grounded in experience on both sides of the transaction, allowing us to anticipate challenges, align interests, and keep projects moving forward.

We regularly advise on a full range of financing transactions, including construction loans, permanent financing, and mezzanine lending. In addition, we handle asset-based lending tied to broader business transactions, including mergers and acquisitions involving real estate and operating assets. Our attorneys work closely with clients and their financial partners to structure transactions that support both immediate objectives and long-term investment strategies.

South Carolina presents unique legal considerations in real estate lending, and missteps can have significant consequences, including impacts on enforceability. Our attorneys have deep experience navigating these requirements and guiding clients through the nuances of local law, ensuring transactions are structured correctly from the outset.

Beyond loan origination, we assist clients when circumstances change. Our team regularly handles loan workouts, restructurings, forbearance agreements, and foreclosures, providing practical, business-minded solutions designed to protect value and minimize disruption. We also advise on title insurance underwriting, policy issues, and claims, helping clients manage risk throughout the life of a transaction.

Our financing and lending experience includes:

Construction and permanent financing
Mezzanine lending and preferred equity structures
Asset-based lending and hybrid transactions
Loan workouts, restructurings and modifications
Foreclosures and creditor’s rights
Title insurance underwriting and claims
Multi-state and portfolio financing transactions

With a focus on efficiency, clarity, and results, we help clients close deals with confidence and navigate challenges when they arise.

Experience

Finance and Lending

Represented a national real estate development company in the acquisition, development, leasing and financing of approximately 100 acres along the most concentrated commercial retail shopping area in the Midlands of South Carolina.
Served as local lenders' counsel for a national insurance company involving multiple commercial real estate loans in South Carolina.
Provided counsel to a large South Carolina bank handling lending and finance representation in complex commercial transactions.
Represented an agricultural bank on a bond issue and operating loans to a large soybean processing company.
Served as lenders' counsel related to financing of construction loans for multiple assisted-living and nursing home facilities in South Carolina.
Represented the lender in a $3 million development and construction loan for a large single-family development.
Served as special South Carolina counsel in various financing transactions of up to $200 million for a Charlotte-based REIT primarily holding medical office buildings in hospital campuses across the country.
Represented a multisite medical practice in drafting and negotiating commercial lease for a new medical office building.
Closed a $46 million construction loan for an apartment complex being built in Charleston.
Directed the closing of two loans totaling over $30 million for a major wholesale distributor of building materials and construction products.
Counseled a federal credit union through a commercial loan for the construction of a $7.5 million classroom building project for a university foundation.
Negotiated the acquisition of membership interests in a limited liability company that owns a large, upscale golf course community containing approximately 1,000 acres of undeveloped residential land, 160 acres of commercial property and 100 lots for sale in existing subdivisions. Representation included drafting entity governance documents, analysis of debt and liabilities, and loan restructuring.
Successfully litigated numerous contested foreclosure matters throughout South Carolina including most recently representing an SBA-backed lender in a matter involving lender liability issues.

Land Use and Zoning

Represented a land owner in the development of a residential neighborhood consisting of more than 300 building lots, common areas and private roads.
Assisted a real estate developer with structuring the acquisition of several real estate tracts that were under contract with a national homebuilder for the development of a residential subdivision.
Represented several financial institutions in the acquisition and site development for branch expansion.
Negotiated the acquisition and redevelopment of an urban property into a three-building retail space. Representation included negotiating a long-term lease to a large, national pharmacy tenant, drafting and recording a declaration of easements, covenants, conditions and restrictions for the development, and handling the initial acquisition financing and construction financing for the developer.
Served as lead counsel for the negotiation and acquisition of real estate and easements for the development of a municipal riverfront park.

Leasing

Represented a real estate development company specializing in building and leasing retail space for regional and national tenants.
Defended a landlord and obtained a directed verdict against the claims by the tenant who was seeking specific performance of an option to purchase real estate contained in lease agreement.
Defended a tenant in a lease dispute and obtained summary judgment in a matter in which the landlord sought over $1.3 million in damages.
Handled numerous matters for a statewide banking client, including foreclosures, commercial collections and repossessions.