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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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