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November 17, 2008
H & S Counsels Webster Bank, National Association through Closing of Two Multi-Million Dollar Mortgage Loan Facilities

A team of attorneys from Halloran & Sage Real Estate Practice Group, led by Attorney James Maher , successfully counseled Webster Bank, National Association through the negotiation, documentation and closing of two multi-million dollar mortgage loan facilities. Each facility is secured by commercial office properties, located in East Hartford and Glastonbury, Connecticut, respectively, which are held under tenant-in-common ownership. The complex financing documentation was structured to permit the sale of fractional tenant-in-common interests in the properties. Since the initial closing, Halloran & Sage has successfully completed five tranche closings in which a total of twelve tenant-in-common interests have been sold.

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James P. Maher
Real Estate