Maine Commercial Lending Handbook is the essential, practice-focused guide to conducting commercial loan closings in the State of Maine. Designed as a hands-on “how-to” manual rather than a theoretical treatise, this hand book provides clear, practical direction for attorneys, commercial bankers, lenders, and finance professionals who need to competently document and close commercial lending transactions under Maine law. If your goal is to efficiently complete a commercial loan closing - accurately, confidently, and in compliance with Maine-specific requirements - this handbook delivers the step-by-step guidance you need.
A Instructional handbook for Real-World Commercial Closings
Commercial lending transactions involve complex documentation, regulatory considerations, and state-specific legal nuances. This book walks readers through the mechanics of closing commercial loans in Maine, focusing on execution and application rather than abstract legal theory.
Inside, you’ll find guidance on:
- Structuring and documenting commercial loan transactions
- Maine-specific considerations in real estate lending
- Security interests and collateral documentation
- Closing checklists and procedural steps
- Risk management in commercial finance transactions
- Identifying and navigating unique features of Maine commercial law
Although designed as a practical manual, the book includes detailed footnotes citing significant and relevant Maine cases. This makes it equally valuable as a reference source for seasoned practitioners and out-of-state lenders seeking authoritative Maine legal citations. For lenders and attorneys unfamiliar with Maine practice, the differences between jurisdictions can present costly pitfalls. This handbook:
- Identifies unique features of Maine commercial law
- Provides references to controlling Maine case law
- Offers practical insight into local transactional standards
- Bridges the gap between national lending practices and Maine-specific requirements
Whether you are a commercial banker closing your first Maine transaction or an experienced practitioner seeking a reliable desk reference, this volume serves as both a training resource and daily-use guide.
Ideal For:
- Commercial bankers in Maine
- Out-of-state lenders closing Maine transactions
- Real estate and commercial finance attorneys
- In-house counsel at financial institutions
- Law firms handling commercial lending
- Professionals involved in complex commercial negotiations
A Trusted Resource for Commercial Banking Professionals
Raymond T. (Chip) Kelley, Sr. Vice President, Commercial Banking at KeyBank in Portland, Maine, states:
“Googins and Devlin have succeeded in writing the definitive guide to documenting and closing a commercial transaction in Maine. This volume should be at the core of any syllabus used to train commercial bankers. It should also be close at hand as a ready reference for any established commercial banker in the State.”
About the Authors
Christopher J. Devlin, Esq., serves as Senior Counsel in the Investments Division of Unum Group in Portland, Maine, where he practices in the area of commercial real estate lending. Prior to joining Unum Group in 2005, he was a shareholder at a Portland-based law firm. He is a Fellow of the American College of Mortgage Attorneys and a graduate of Vassar College and Boston College Law School.
Mark K. Googins, Esq., is a Partner in Verrill Dana’s Business Law Group, where he has concentrated his practice in commercial finance and commercial transactions for over 27 years. His work includes mergers and acquisitions, complex negotiations, equipment leasing, leveraged buyouts, sale-leasebacks, and a broad range of lending transactions. A Portland native, Mark is a graduate of Tufts University and New York University School of Law. Before joining Verrill Dana, he practiced at Milbank, Tweed, Hadley & McCloy in New York.
Together, Devlin and Googins bring decades of real-world experience in Maine commercial finance, making this handbook an indispensable resource for professionals navigating the state’s lending landscape.
