Mark E. Derwent


Member
Corporate and Real Estate Finance
 
Contact
Direct Dial: 616.233.9720
E-mail: mderwent@doranderwent.com

Education
University of Notre Dame, B.A
University of Notre Dame, J.D., cum laude
Grand Valley State University, M.B.A., with distinction, Beta Gamma Sigma
 
Admitted to Practice
Michigan 1994


Mr. Derwent concentrates his law practice on corporate, real estate and commercial transactions, including debt and equity financings, real estate leasing, mergers and acquisitions, and commercial contracting.

Mr. Derwent has represented the firm's long term care clients in the negotiation and documentation of secured and unsecured debt financing, acquisitions and lease transactions. Mr. Derwent's long term care engagements include the representation of:

  • A publicly traded REIT, in the following transactions:
    • $860,000,000 acquisition of 143 long term care facilities;
    • $115,000,000 acquisition of multiple long term care facilities and leasing them to new operators;
    • $105,000,000 sale/leaseback financing with a private nursing home company;
    • $61,750,000 million senior credit facility with a private nursing home company;
    • $59,000,000 million senior credit facility with a private nursing home company;
    • $35,000,000 sale/leaseback financing;
    • $30,000,000 investment acquisition credit facility with a private real estate investment group;
    • $27,500,000 sale/leaseback financing with a private nursing home operator;
    • $26,000,000 sale/leaseback financing with a private nursing home operator;
    • $25,000,000 senior credit facility;
    • $20,425,140 divestiture of six assisted living facilities;
    • $14,500,000 divestiture of a skilled nursing facility;
    • $9,400,000 acquisition of multiple skilled nursing facilities and lease to a third party private nursing home operator; and
    • The leasing in multiple transactions of over 150 long term care facilities with an aggregate of investment value in excess of $750,000,000.
  •   Multiple long term care operator clients in the following transactions:
    • $26,000,000 acquisition of four facilities;
    • $22,000,000 working capital credit facility;
    • $18,000,000 working capital credit facility;
    • $10,600,000 acquisition of six facilities;
    • Multiple build to suit leases with options to purchase.

Mr. Derwent has represented financial institution clients in the negotiation and documentation of secured and unsecured debt financing transactions. Mr. Derwent's financial institution engagements include the representation of:

  • National banks in the following transactions:
    • $49,000,000 syndicated, secured credit facility to a private steel manufacturing company;
    • $30,000,000 unsecured credit facility to a private construction company;
    • $9,410,000 secured credit facilities to a private company;
    • $1,750,000,000 credit facility for a telecommunications company;
    • a $1,300,000,000 credit facility with packaging corporation; and
    • Separate credit facilities to finance casinos in Detroit, Michigan.
  • Mr. Derwent has also participated in the negotiation and documentation of multiple corporate transactions, including stock, asset and merger transactions.

In addition, he has assisted the firm's clients with corporate structuring and governance issues and the negotiation and preparation of commercial contracts, stock option and employee agreements and other secured and unsecured financing arrangements.
Mr. Derwent is a contributing author to Buying and Selling a Business in Michigan (2000 Edition) and A Practical Guide to E-Business published by the Michigan Institute of Continuing Legal Education.

Mr. Derwent is a founding member of Doran Derwent PLLC. Prior to joining the firm, he was a Member of Michigan's largest law firm. He graduated from the University of Notre Dame in 1990 and in 1994 received his J.D., cum laude, from the University of Notre Dame Law School. While at Notre Dame, Mr. Derwent served as Lead Note Editor for the Notre Dame Law Review. Mr. Derwent received his M.B.A., with distinction, from the Seidman School of Business at Grand Valley State in 2000 and was inducted into Beta Gamma Sigma. Mr. Derwent served as President of the Alumni Board of the Seidman College of Business at Grand Valley State University for six years.

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