Industry
Commercial Real Estate Lending
Troutman Pepper Locke’s Commercial Real Estate Lending team represents lenders at every stage, from origination through enforcement. With more than 160 attorneys and professionals across 24 offices in the U.S. and internationally, our team handles some of the most complex and high-volume commercial real estate lending work across all 50 states and in Washington, D.C. — routinely closing thousands of transactions annually, from bridge and construction loans to CMBS and agency executions, across the full spectrum from mid-market transactions to large-scale portfolio financings.
Our practice is devoted exclusively to commercial real estate lending, providing the continuity and strategic depth that comes from working across the full loan lifecycle. Our attorneys understand not just the transaction in front of them but the full context of each client’s portfolio, risk tolerance, and long-term objectives — across every asset class, including medical, multifamily, senior housing, and mixed-use. Our lending attorneys work seamlessly with colleagues across bankruptcy, tax, litigation, and other disciplines, all within one firm.
Our Lender Clients
Our clients include hundreds of commercial real estate lenders — from community and regional banks to 90% of the largest financial institutions in the U.S. We also regularly advise agency lenders, life insurance companies, debt funds, private credit lenders, and other institutional investors across every major CRE property type. We routinely represent lenders making loans to REITs, real estate operating companies, private equity sponsors, and other institutional owners — bringing transaction experience that spans borrower types, capital structures, and markets nationwide, with particular depth in major markets including New York, Texas, California, and Florida.
A year’s worth of work by the numbers
5000+
total loans closed across all 50 states and D.C.
$100B+
total deal value
160+
legal professionals in 24 offices
Asset Classes
Hospitality
Hotels, resorts, branded/boutique
Industrial/Logistics
Data centers warehouses, distribution, cold storage
Multifamily
Market-rate, affordable, seniors, manufactured home communities
Office/Retail/Mixed Use
Urban/suburban, mixed-use
Life Sciences/Medical
Medical office, research and development campuses, biomanufacturing facilities
Commercial Real Estate Lending Experience
AGENCY EXECUTIONS
- Fannie Mae, Freddie Mac, HUD for multifamily, affordable, and seniors housing
AFFORDABLE HOUSING + TAX CREDITS
- LIHTC and tax-exempt bonds structuring; layered agency and private capital
- HUD programs and public finance interfaces
BRIDGE + TRANSITIONAL LENDING
- Repositioning, lease-up, and recapitalization financing
- Transitional business plans and cash management structures
- Conversion to permanent financing and exit strategies
CAPITAL MARKETS + SECURITIZATION
- CMBS and CRE CLO platform support: origination, structuring, securitization, and disclosure
- Life company financing programs across industrial, office, retail, hospitality
- Tax and regulatory counsel for securitizations and capital markets transactions
CONSTRUCTION FINANCE
- Ground-up and multi-phase construction loans for complex developments
- Pre-development, entitlement, and completion risk allocation
- Collateral, guarantees, and draw procedures tailored to project profiles
LOAN SERVICING + MASTER SERVICING
- Servicing and special servicing advisory
- Pooling and servicing agreements, compliance, and asset management standards
- Consents, modifications, assumptions, and transfers
MEZZANINE + PREFERRED EQUITY
- Subordinate debt and preferred equity investments
- Intercreditor negotiations and structural protections
- Sponsor JV structuring and recapitalizations
ORIGINATION + STRUCTURING
- Senior, term, bridge, construction, and permanent loan origination for single assets and portfolios
- Portfolio-level financings, syndications, and participations
- Capital stack structuring across senior, mezzanine, and preferred equity
- Intercreditor, co-lender, and JV arrangements
- Bilateral, club, and nationally/internationally syndicated transactions
- Senior mortgage loans with CPACE, financing includes simultaneous CPACE construction funding
WAREHOUSE LINES + REPO FACILITIES
- Facility formation and negotiation for loan aggregation and financing
- Collateral, margining, and risk management mechanics
- Integration with securitization pipelines
- Note-on-note financing
- Seller/borrower and buyer/lender side representation
WORKOUTS, RESTRUCTURING + ENFORCEMENT
- Forbearances, extensions, bifurcations, and note sales
- Deed-in-lieu, receivership strategies, and enforcement actions
- Bankruptcy coordination and litigation support for distressed assets
Our highest goal? Achieving yours.
Exceptional results are our best practice
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