Banking and Financial Services
Mandelbaum Barrett PC’s Banking and Financial Services attorneys combine depth and experience in the commercial, industrial and asset-based lending space.
Mandelbaum Barrett PC’s Banking and Financial Services Practice Group has a strong footprint in commercial and industrial and asset-based lending, as well as trade finance, mortgage warehousing and other secured, unsecured, domestic and cross border debt products. On a regular basis we represent financial institutions (agent banks, bank groups and individual commercial lenders), finance companies, venture capital funds and borrowing entities.
Our key to a successful transaction is to foster candor, accuracy and confidence in the relationship from its inception.
Regardless of the particular undertaking involved, we work closely with each and every client, as well as the other parties, so that we can best understand their goals, expectations and approach to the transaction. We offer seasoned advice regarding the proposed transaction and assist in tailoring the structure to best meet those expectations on a legal, risk and practical level.
We regularly collaborate with the Firm’s Bankruptcy and Creditor Rights Practice Group during pre-closing diligence to consider, evaluate and provide for the possibility of a bankruptcy or other insolvency proceeding after the closing. We also offer years of experience in debtor-in-possession financings, as well as structuring and implementing secured creditor sales, assignments for the benefit of creditors and exit financing.
Depth and experience advising single and syndicated lenders engaged in mortgage warehousing, equipment financing, trade and supply chain finance, including domestic and international factoring, receivables purchase financing, purchase order funding and documentary and standby letters of credit allows us to collaborate with our clients on deal structure, and assist in negotiating intercreditor agreements, subordination agreements and other third-party agreements.
We have expanded Banking and Financial Services to incorporate Cannabis lending. Navigating the complexities of cannabis banking compliance requires a meticulous understanding of both financial regulations and the evolving landscape of cannabis legislation. In light of this, Mandelbaum Barrett PC recognizes the unique challenges imposed on financial institutions seeking to provide services to cannabis-related businesses while adhering to federal and state guidelines. The Firm is dedicated to aiding banks and financial institutions in implementing effective KYC/AML protocols and navigating the intricate demands outlined by the Financial Crimes Enforcement Network and the Controlled Substances Act. We work with our clients to ensure they can confidently navigate these regulatory requirements with integrity, enabling them to enter the new and dynamic cannabis sector. By staying current with evolving legislation and regulatory guidance, the Firm assists clients in effectively managing financial cannabis-related accounts while mitigating risks and maintaining regulatory compliance.
Threats and Risk Insights: Navigating Cybersecurity Challenges in the Lending Industry
November 1, 2024
Richard Simon, Shareholder and Co-Chair of the Firm’s Banking and Financial Services Practice Group and Steven Teppler, Partner and Chief Cybersecurity Legal Officer, share their expert insights in The Secured Lender on ‘Navigating Cybersecurity Challenges in the Lending Industry.’
Join Richard Simon and Industry Leaders at SFNet & NYIC’s Joint Program!
October 19, 2024
Exciting News! Join Partner Richard Simon and the SFNet New Jersey and New York Chapters as they team up with NYIC for an incredible program! This is a unique opportunity to connect, learn, and network with industry leaders and peers. Don’t miss out on expanding your professional horizons! Gain valuable insights into the latest challenges […]
Vincent J. Roldan Quoted in JCR’s September Issue: Insights on Article 9 Restructuring
September 13, 2024
Vincent J. Roldan, Partner in Mandelbaum Barrett PC’s Banking and Financial Services Practice Group, was recently quoted in Journal of Corporate Renewal’s September 2024 issue: “Not Your Parents’ Article 9 Restructuring.” The article explores the challenges of distressed business situations, where banks, borrowers, and creditors often conflict, and how Chapter 11 and ABCs can negatively […]
Mandelbaum Barrett PC has ranked in three practice groups for Chambers USA
June 12, 2024
Success in major deals hinges on collaboration, organization, and teamwork, demonstrating that it truly takes a village to achieve excellence. Our team here at Mandelbaum Barrett PC team embodied these qualities in 2023. Congratulations to our 3 departments who received ranking from Chambers USA: Construction (Band 3), Banking & Finance (Band 3) & Real Estate […]
Banking Deal Alert: Mandelbaum Barrett PC Facilitates $12 Million Asset-Based Loan for Retail and Wholesale Ventures
January 24, 2024
Mandelbaum Barrett PC partner Jeffrey M. Rosenthal and associate Ann S. Lee represented a regional bank client providing a $12 million asset-based loan for a group of companies in the retail and wholesale consumer and business customers. This accomplished deal highlights the firm’s proficiency in managing financing across a variety of business sectors.
Mandelbaum Barrett PC named to 2024 Best Law Firms
November 9, 2023
Mandelbaum Barrett PC is thrilled to announce that once again we have been recognized by Best Lawyers on their “2024 Best Law Firms®” list! This recognition highlights the ongoing excellence of our dedicated team of attorneys, underscoring our unwavering commitment to providing top-notch legal services and ensuring client satisfaction. We take pride in the fact that 16 of our practice […]
Vincent Roldan named to the New Jersey Law Journal’s 2023 Diverse Attorneys of the Year list
October 11, 2023
Mandelbaum Barrett PC Bankruptcy and Banking Partner, Vincent J. Roldan, Esq. has been named to New Jersey Law Journal’s 2023 Diverse Attorneys of the Year list. After receiving nominations from across the New Jersey legal community, the Law Journal announced its honorees. Congratulations to Vincent and all the honorees. Read the full article here.
Banking & Financial Partners – Richard Simon, Jeffrey Rosenthal, and Vincent Roldan – Attend the Mann Charitable Foundation’s Annual Golf Outing
August 31, 2023
Partners of the Mandelbaum Barrett PC Banking & Financial Service Group, Richard Simon, Jeffrey Rosenthal, and Vincent Roldan attended the Mann Charitable Foundation’s Annual Golf Outing this month. The event took place at the beautiful Fresh Meadow Country Club in Lake Success, New York, offering a great day of golf, food, and networking. The golf […]
Partner Vincent J. Roldan Recognized in the Lawdragon 500 Leading Bankruptcy & Restructuring Lawyers for 2023
June 29, 2023
The Lawdragon 500 Leading Bankruptcy & Restructuring Lawyers for 2023 highlights an esteemed group of legal professionals renowned for their expertise in guiding companies through ailing economies and uncertain times. We are happy to announce that Vincent J. Roldan, a Partner at Mandelbaum Barrett PC licensed to practice in New Jersey and New York, has been recognized as […]
Navigating the Shifting Terrain of Subchapter V: Vincent J. Roldan Sheds Light on Conflicting Court Rulings in the ABI Law Journal
June 26, 2023
Discover the latest in the still-evolving landscape of Subchapter V. This insightful article, published in the American Bankruptcy Institute Law Journal, examines the application of nondischargeability provisions to corporate debtors. Written by Vincent J. Roldan, a Partner in Mandelbaum Barrett PC’s Bankruptcy and Creditors Rights, and Banking and Financial Services groups, this piece sheds light on conflicting court […]
Don’t Miss Partner Richard Simon’s Webinar: Exploring Disclosure Laws for Business Professionals
June 16, 2023
Don’t miss out on the upcoming Northeast Chapter of International Factoring Association webinar featuring Mandelbaum Barrett PC Partner, Richard Simon. Richard will be sharing insights on disclosure laws in New York, New Jersey, and other jurisdictions. This webinar is a must-watch for all business professionals. Register here: https://bit.ly/464JqW0. Richard, serving as Co-Chair of the Firm’s […]
Deal Alert: Team Effort for $120M Real Estate Development Loan
February 16, 2023
We proudly represented a regional bank as the Agent for a 3-bank group in a $120M loan for the purchase of a 300-acre corporate campus from a major pharmaceutical company. It took almost 2 years to complete and is considered a “once in a generation” opportunity by the buyer who has plans to develop the […]
Vincent J. Roldan will Speak on “Inflation/Recession: Impacts to Financing and Bankruptcy” in NYC.
September 27, 2022
The New York Institute of Credit and the Northeast Chapter of IFA are coming together to offer a program focused on topics such as inflation, recession, financing, bankruptcy, and more. Vincent J. Roldan, Partner in Mandelbaum Barrett PC’s Bankruptcy and Creditors Rights, and Banking and Financial Services groups, will be speaking on “Inflation/Recession: Impacts to Financing and Bankruptcy.” If you […]
Mandelbaum Barrett PC is excited to welcome Taylar E. Green, Esq. as an Associate in our Banking and Financial Services Group.
June 17, 2022
Taylar represents borrowers and traditional and non-traditional institutional lenders in matters relating to asset-based lending, acquisition financing, and commercial transactions.
Mandelbaum Barrett PC is excited to announce Susan M. Lee, Esq. as our new Counsel in the Banking and Financial Services Department.
May 5, 2022
She represents regional and community banks, commercial finance companies, borrowers, and entrepreneurs and assists clients with complex transactions, negotiation and documentation of loan transactions, real estate financings and transactions, and corporate acquisitions and sales.
Vincent Roldan to be panelist for a National Asian Pacific American Bar Association webinar titled "No Releases For You!"
March 2, 2022
Mandelbaum Barrett PC partner Vincent J. Roldan will be a panelist for a National Asian Pacific American Bar Association Bankruptcy & Restructuring Committee webinar on March 9th titled "No Releases For You!" Topics will include the use of the bankruptcy courts by companies and defendants to resolve mass torts cases, and related proposed congressional legislation.
Jeffrey Rosenthal and Vincent Roldan co-author New Jersey Law Journal article titled "The Big Dance: Bankruptcy Court to Analyze Texas Two Step"
January 27, 2022
Jeffrey M Rosenthal and Vincent J. Roldan of our Bankruptcy and Creditors' Rights and Banking and Financial Services practice groups explore the Chapter 11 filing by a subsidiary of J&J in this article in the New Jersey Law Journal.
The company used a corporate restructuring strategy known as the "Texas Two Step." The issue that will be in front of the New Jersey bankruptcy court — Is the restructuring strategy a proper use of bankruptcy code?
Mandelbaum Barrett PC Expands Commercial Finance Capabilities in South Florida, Through Strategic Affiliation with Gary Krasna P.A.
November 2, 2021
Mandelbaum Barrett PC, a dynamic, full-service law firm based in Roseland, New Jersey, today announced a strategic of counsel affiliation with Gary M. Krasna P.A., a Boca Raton, Florida-based law firm focused on commercial finance.
Vince Roldan Speaking on Encouraging Diversity in the Bankruptcy Bar
June 16, 2021
On June 16, Vincent Roldan will be participating in a panel discussion hosted by The Association of the Federal Bar of New Jersey on "Encouraging Diversity in the Bankruptcy Bar."
Richard Simon Contributed To USA Legal Compendium For The Factoring Industry
November 9, 2020
Richard Simon contributed to the fifth edition of the USA Legal Compendium for the Factoring Industry, a legal resource compiled by the International Factoring Association with assistance from the country's leading commercial finance attorneys.
Richard Simon to Moderate Panel Discussion at the NYIC/IFA/IFA Northeast Joint Factoring Event
February 14, 2020
Richard Simon, Co-Chair of Mandelbaum Barrett PC's Banking and Financial Services Group, will be a Moderator at the NYIC/IFA/IFA Northeast Joint Factoring Event discussing legal updates and other hot topics. For more information and to register, click here.
Richard Simon Appointed to the Board of Directors of The Needlers Foundation
November 20, 2018
Congratulations to Richard Simon, Co-Chair of the Firm's Banking & Financial Services Group who was appointed to the Board of Directors of The Needlers Foundation. The Foundation is a not-for-profit philanthropic organization, which contributes exclusively to children's charities. Founded approximately 50 years ago by a group of garment center executives to benefit children in need, their primary goal is raising funds and bringing awareness to benefit pediatric neurosurgery and to help sick and underprivileged children. Members includes those in allied industries as well as lawyers, CPAs, bankers, doctors and health care professionals who have helped raise millions of dollars for children's charities. We are proud of Richard and know he will do great things for this amazing cause. To learn more about the organization visit www.needlers.org.
Richard Simon Will Speak at NYIC, IFA Northeast DeBanked & AFBA 2018 Lending Conference
August 27, 2018
Richard Simon, Co-Chair of the Firm's Banking and Financial Services Practice Group will be speaking at the NYIC, IFA Northeast, DeBanked & AFBA 2018 Lending Conference on October 16, 2018.
Jeffrey Rosenthal to Present at CFA's Annual "Advanced Legal Issues Workshop" Dec 5-7
November 2, 2017
Jeffrey M Rosenthal, a Member in the Firm and Co-Chair of its Banking and Financial Services and Bankruptcy and Creditors' Rights Practice Groups will be speaking at the CFA's "Advanced Legal Issues Workshop" on December 5-7 in New York City. This course is eligible for 19 CPE credits.
Jeffrey Rosenthal Interviewed in Clear Viewpoints Industry Insight Publication
September 29, 2017
Jeffrey M Rosenthal was recently interviewed by Stu Kessler of the Clear Thinking Group for the Clear Viewpoints section of their industry insights publication where he discussed both personal and professional aspects of his career and offered tips for those facing bankruptcy in today's legal landscape. Check out the full interview here: https://lnkd.in/gBBPRPi
Mandelbaum Barrett PC to Host NJCFA "Yo-Pro Financial Planning Seminar"
September 25, 2017
Mandelbaum Barrett PC is pleased to host the NJCFA's "Yo-Pro Financial Planning Seminar: A Real Life Road Map for Your Future" on October 12th!
Richard Simon to Speak at International Factoring Association’s Annual Factoring Conference
April 7, 2016
Richard Simon, Esq., Chair of Banking and Finance Practice Area, has been asked to speak at the International Factoring Association’s 22nd Annual Factoring Conference. The Factoring Conference, which is to be held in Scottsdale, Arizona, from April 13 – April 16, 2016, features world class speakers
Are Courts More Likely to Disallow Claims Purchases from Recipients of Avoidable Transfers?
August 12, 2020
By Vincent J. Roldan One of the greatest advantages of chapter 11 is that upon commencement, pre-petition debt is “frozen” and the debtor in possession is free from the collection efforts of creditors on such debts. That pre-petition debt will be resolved, hopefully, via a reorganization plan. For those creditors not willing to wait and […]
COVID-19: Options for New Jersey Small Businesses to Obtain Working Capital
March 22, 2020
March 22, 2020 By Richard I. Simon Economic Injury Disaster Loans and Proposed CARES Act Expand Options for Small Businesses to Obtain Working Capital Small Business Administration EIDLs In response to the global COVID-19 pandemic and the declared state of emergency in New Jersey, the U.S. Small Business Administration issued New Jersey Declaration 16349 on […]
These stories are successful case results from our attorneys. Please note that results may vary depending on your particular facts and legal circumstances.
Managing Abandoned Tenant Personal Property: A Comprehensive Guide for Landlords
October 25, 2024
Partner and Chair Michael A. Saffer, Partner Ryan M. Buehler, and Associate Marlene M. Arabia were prominently featured in Issue 4 of the New Jersey Apartment Association’s Apartment Industry Magazine, representing the Landlord-Tenant practice group at Mandelbaum Barrett PC. The piece titled “What Can I Do With All the Personal Property My Tenant Left Behind?” […]
Enhance Your Cybersecurity: Join CIO Tom Brennan at the NYC 2024 Joint Cyber Security Conference
August 22, 2024
On September 26th, 2024, join Tom Brennan, Chief Information Officer of Mandelbaum Barrett PC, at the NYC 2024 Joint Cyber Security Conference. Held at the Microsoft Technology Center in Times Square, this conference offers an opportunity to discover the Center for Internet Security (CIS) Version 8 Controls. Tom will provide practical insights on implementing these […]
Unlock Your Business’s Future: Join Our Exit Strategies Seminar on September 18th
August 16, 2024
Great News for Business Owners! We’re excited to bring back our highly anticipated “Exit Strategies for Business Owners” seminar on September 18, 2024, at Il Tulipano in Cedar Grove, NJ! Come learn from industry experts and successful business owners who will be sharing their experiences and advice on selling a business. This seminar is a […]
Diverse Clients, Diverse Needs: IP Law Across Industries
August 14, 2024
Explore the dynamic world of intellectual property law with Todd M. Nosher and Lucian C. Chen, who leverage their deep scientific backgrounds to navigate diverse industries—from pharmaceuticals to toys. Their insights underscore the vital role of strategic IP management in driving innovation and protecting client interests across evolving markets.
Touchdown on IP: The Legal Playbook for Upcycling in Fashion
July 24, 2024
In the evolving world of fashion, upcycling has sparked a revolution, blending creativity with sustainability. However, as consumers flock to these unique products, complex IP challenges emerge. Lucian C. Chen and Karen Chen explore these legal intricacies, offering vital guidance on navigating licenses, consumer perceptions, and brand integrity in this burgeoning industry.
Exploitation of Power of Attorney: Agent Blocking Family Access to Nursing Home Resident
June 6, 2024
In their latest vlog, Mandelbaum Barrett PC Elder Law attorneys, Donald Dennison, Esq. and Dan Stone, Esq. discuss the implications of a Power of Attorney agent weaponizing the document to prevent well-meaning family members from visiting a nursing home resident.
What New Jersey Taxpayers Need to Know About Partnership Income Reporting
May 24, 2024
Staying informed about updates in tax regulations is vital for taxpayers to fulfill their obligations accurately. The recent update from the New Jersey Division of Taxation regarding the reporting of income from partnerships underscores the importance of staying abreast of state-specific requirements. By adhering to these guidelines and seeking professional assistance when needed, taxpayers can effectively navigate partnership income reporting in New Jersey and maintain compliance with state tax laws.
Raj Gadhok to Present for NJICLE’s “What is a Tevis Claim and What Does it Mean for My Divorce?
November 20, 2023
Navigating divorce cases in New Jersey often involves addressing domestic violence and abuse allegations. This is where the Tevis Claim often comes into play. It is essentially a personal injury claim you can bring against your spouse in the divorce complaint if instances of domestic violence have occurred. While opting for a Tevis Claim has […]
Going Green and Staying Out of Legal Trouble: The Art of Green Marketing
November 17, 2023
In today’s environmentally conscious world, green marketing has become a significant trend for businesses aiming to attract eco-minded consumers. Companies often use eco-friendly claims to promote their products and services, but they must tread carefully to avoid lawsuits and maintain their reputation. In this blog, we’ll explore green marketing and suggest some steps companies can […]
Client Alert: Corporate Transparency Act
November 16, 2023
On January 1, 2024, the Corporate Transparency Act (the “CTA”) will become law and will impose reporting obligations which will impact millions of small businesses across the United States. It is critical for business owners to understand the CTA reporting requirements as failure to comply can result in both civil and criminal penalties. If you own […]
Your Health, Your Choice: A Guide to Medicare Open Enrollment
November 7, 2023
The Medicare open enrollment period runs through December 7th, 2023. Medicare adjusts costs, coverage, and accepted providers on an annual basis. If you have received “Evidence of Coverage,” or an “Annual Notice of Change,” from Medicare, now is the time to review your coverage, and, if necessary, make changes to your Medicare healthcare plan to better […]
Three Major Differences Between Recourse and Non-Recourse Loans
November 1, 2023
Borrower / Guarantor Liability Recourse – The borrower (or guarantor) is personally liable for the full amount of the loan, including any debt remaining after the collateral is foreclosed upon and sold. To satisfy the remaining debt, the lender can look to the individual assets of borrower (or guarantor). Non-Recourse – The borrower (or guarantor) […]
Chris Zona: Becoming a Trial Attorney
October 30, 2023
Despite the absence of legal role models, Chris Zona’s ambition as a trial attorney persisted. Immersed in civil and commercial law from an early age, Chris remained resolute. As a Senior Special Prosecutor, he broadened his horizons, delving into civil and commercial law. Join Chris in this exclusive feature, tracing his trajectory from law school to his adept handling of diverse cases, from serious felonies to complex white-collar offenses and healthcare law.
Navigating Back-to-School Safety: Preventing the Most Common Injuries
August 13, 2023
As the school season kicks into gear, safety should be at the forefront of everyone’s minds. At Mandelbaum Barrett PC, we are committed to ensuring your children have a safe and joyful academic year. While schools are expected to provide a secure learning environment, the reality is that unintentional injuries can occur on school grounds, around buses, and even in the neighborhood. It’s a collective responsibility of parents, students, school staff, and the community to take proactive measures to safeguard our children.
Navigating the Shifting Terrain of Subchapter V: Vincent J. Roldan Sheds Light on Conflicting Court Rulings in the ABI Law Journal
June 26, 2023
Discover the latest in the still-evolving landscape of Subchapter V. This insightful article, published in the American Bankruptcy Institute Law Journal, examines the application of nondischargeability provisions to corporate debtors. Written by Vincent J. Roldan, a Partner in Mandelbaum Barrett PC’s Bankruptcy and Creditors Rights, and Banking and Financial Services groups, this piece sheds light on conflicting court […]
Insights from William Barrett: New York County Dental Society Article Explores Cybersecurity Risks in Dental Practices
June 22, 2023
Dental health professionals handle a vast amount of sensitive patient data, ranging from personal information to medical records. To protect themselves and their patients, it’s important for them to understand cybersecurity risks and take appropriate measures. Staying aware of the latest threats and trends is crucial for adequate protection. Learn about some of the ways […]
Professional Liability Insurance for Dentist Owners: Types of Coverage Recommended
March 23, 2023
As a dentist owner of a practice, your top priority is to provide quality dental care to your patients. However, despite your best efforts, malpractice lawsuits can still occur. Therefore, it is crucial to have professional liability insurance to protect yourself, your practice, and your employees from the financial burden of a lawsuit. In this […]
Filial Responsibility: Requiring Adult Children to Pay for Aging Parents’ Care
July 6, 2022
Did you know that in many states you could be responsible for your parents’ unpaid medical bills? In fact, more than half of all states currently have laws making adult children financially responsible for their parents, including their parents’ long-term care costs. However, these laws are rarely enforced. Notably, New Jersey does not have filial […]
Top 5 Tips for Commercial Real Estate Brokers for Achieving Better Exclusive Listing Agreements
July 5, 2022
Any Exclusive Listing Agreement should cover both a sale and a lease. Deals change and you want to be protected for either scenario. The Exclusive Listing Agreement must have a definitive end date and cannot contain automatic renewals. As to payment of the commission on a sale, include language that the commission will be paid […]
The Tax Consequences of Selling a House After the Death of a Spouse
July 5, 2022
If your spouse dies, you may have to decide whether or when to sell your house. There are some tax considerations that go into that decision. The biggest concern when selling property is capital gains taxes. A capital gain is the difference between the “basis” in property and its selling price. The basis is usually […]
WHAT IS THE AMERICAN ACADEMY OF MATRIMONIAL LAWYERS AND WHY SHOULD YOU HIRE ONE OF THEIR FELLOWS?
July 5, 2022
AAML is a national organization with chapters in most states. There are approximately 1,650 Fellows in the United States and 52 Fellows in New Jersey. Our Family Law Co-Chair Lynne Strober is proud to be one of those Fellows. The AAML is dedicated to providing and promoting the highest degree of professionalism and excellence in […]
Spring 2022 Vet Law Newsletter
March 24, 2022
Momentum: Our Year in Review
March 24, 2022
