W. Kent Ihrig

Partner, Financial Services Practice Administrator

Kent serves as chair of Shumaker, Loop & Kendrick, LLP’s firm-wide Financial Services practice group and has substantial experience in representing financial institutions and other lenders in a wide variety of domestic and international commercial lending and related activities.

Clients lending to a broad range of industries, including health care, hospitality, technology, transportation, and sports and entertainment, draw on Kent’s vast experience of more than three decades. His proven track record handling a full range of deal structures includes:

  • Real estate acquisition/development
  • Construction and term lending
  • Ground lease financing
  • Asset based lending
  • Health care, utilities, and other regulated industries (including HMOs and FCC licensed broadcasters) financing
  • Preferred ships mortgage financing
  • Subordinated debt
  • Letters of credit
  • C&I, corporate, and commercial lending
  • Acquisition financing in M&A transactions
  • Dividend recapitalization financings

Additionally, he has been involved in the financing of numerous public/private projects, serving as issuer's counsel, developer's counsel, underwriter's counsel, and credit enhancer's counsel. Representative projects include port facilities, airport improvements, health care facilities, and serving as counsel to a major league baseball club in connection with development and construction of a spring training/minor league baseball stadium and related facilities.

In addition, institutional lenders look to Kent for representation in connection with structuring, negotiating, and documenting asset restructures, recoveries, and dispositions, and loan workouts comprised of forbearance agreements, structured settlements, deeds in lieu of foreclosure, cash collateral arrangements, and debtor in possession (“DIP”) loan transactions. A trusted advisor, he serves as counsel to public and private companies, equity and venture funds, and portfolio companies in connection with syndicated borrowings, including revolving credit facilities, term loan A and term loan B facilities, acquisition and roll-up financings, and debt offerings and placements.

Kent has also served as counsel to commercial banks in connection with construction loans for various projects including a marina, fast food franchised restaurants, manufacturing facilities, and hotels under the SBA 504 program.

Kent has frequently lectured on commercial loan documentation, secured transactions, lender liability, and opinion letter issues.

Although his legal practice keeps him very busy, Kent has been very active in youth lacrosse, having co-founded South Tampa Sticks Youth Lacrosse, on whose board he has sat for 17 years, and serving on the board of the Hillsborough County Lacrosse Alliance. He likes to spend his free time with his wife on their small farm and is focused on getting his children through school.

  • Current representation of top 25 U.S. bank in connection with a $36.35 million construction/term loan for construction of 300 unit multi-family apartment complex in Space Coast Town Center master development in Brevard County, Florida.
  • Current representation of real estate investment affiliate of major-U.S. life insurance company in $39.48 senior construction/term loan with shared appreciation and profits participation, and $13.02 million mezzanine loan for construction of a mixed-use project consisting of 260 units in three (3) mid-rise multi-family buildings and ground level retail space and structured parking in Miami-Dade County, Florida.
  • Current representation of regional bank in connection with a $10.01 construction/term loan for a fifty-five (55) unit (inclusive of thirty-one (31) memory units) assisted living facility in Orange County, Florida.
  • Current representation of regional bank in term and revolving credit facilities aggregating $3mm, with term loan to be participated in the Main Street New Loan Facility, to a home goods manufacturing company based in Florida.
  • Represented sports and entertainment venue owner/operator in issuance of $105 million in senior secured notes and syndicated $45 million delayed draw term loan secured by leasehold mortgage and all assets.
  • Represented major league sports franchise in $15 million league advance facility.
  • Represented manufacturing and distribution company in music industry and related retail store and real estate company in $11.1 million in the aggregate restructure loans with regional bank.
  • Ongoing advice to numerous lenders and borrowers on Payroll Protection Program and the Main Street Lending Program under the CARES Act.
  • Representation of various lenders in connection with COVID-19 related loan modifications including deferrals and financial covenant relief in retail, hospitality, and manufacturing spaces.
  • Represented community bank in $7.685 million refinancing term mortgage loan for office building in Pinellas County, Florida.
  • Represented purchaser of medical office building in Alachua County, Florida with a purchase price of $18.175 million and acquisition term mortgage financing in the amount of $15.079 million.
  • Represented Borrower in $14.108 million refinancing term loan with tenant improvement reserve for medical office building located in Miami-Dade County, Florida.
  • Ongoing representation of private lender in connection with $140 million debtor in possession financing for construction and completion of mixed-use project consisting of condominiums, townhomes, rental units, club, spa, and common area in Pitkin County, Colorado.
  • Represented super-regional bank in connection with $28.05 million in roll-up acquisition financing for petroleum jobber for 26 branded convenience store/service stations throughout Florida.
  • Represented top 25 U.S. bank syndicate participant in $310 million revolving loan (with swingline and letter of credit sub-facilities) and aggregate of $45 million in term loans to multi-national sports and entertainment company.
  • Represented community bank in $4 million refinancing term mortgage loan for retail strip center in Pasco County, Florida.
  • Represented Borrowers in COVID-19 related CMBS Loan Modifications for two (2) branded hotels located in Florida.
  • Ongoing representation of private lender in connection with $51.9 million construction/term loan of a 250 room branded hotel with free-standing units, saltwater pool, convention center, fine dining restaurant, two (2) casual restaurants, grab and go market, retail store, luxury spa, and fitness center in Riverside County, California.
  • Represented community bank in connection with $7.5 million in the aggregate insurance trust premium finance loans.
  • Represented community bank in construction/term mortgage financing for property leased to a cannabis dispensary.
  • Represented U.S. banking subsidiary of Canadian international bank in connection with $9.1 million ABL revolving credit facility with accordion of $2.4 million, and $9.9 million in senior subordinated mezzanine financing, for acquisition of a manufacturing company in the petroleum services industry in Texas.
  • Represented community bank in connection with $12 million refinancing mortgage term loan for branded hotel in Orange County, Florida.
  • Represented community bank in connection with $5.09 million take-out term loan for retail strip center located in Pasco County, Florida.
  • Represented regional bank in connection with $3,5 million take-out term loan for anchored retail strip center in Bay County, Florida.
  • Represented community bank in permanent take-out mortgage financing aggregating $5.8 million for properties leased to cannabis dispensaries.
  • Represented top 25 U.S. bank in $42.48 million construction/term loan for construction of a 348 multi-family project in Seminole County, Florida
  • Represented top 25 U.S. bank in $11.25 acquisition term mortgage financing of an industrial/warehouse property in Pinellas County, Florida.
  • Represented top 25 U.S. bank in $11.26 acquisition term mortgage financing of a Publix®-anchored retail shopping center in Clayton County, Georgia.
  • Represented top 25 U.S. bank as a syndicate lender in connection with a $68.9 million construction/term loan for a flagged 225 room hotel, spa, fitness center, and banquet and meeting space located in Sarasota County, Florida.
  • Represented top 25 U.S. bank in connection with $52 million in the aggregate credit facilities consisting of a term loan and a revolving credit facility secured by fee and ground leased property for a Gulf coast resort and condominium project.
  • Represented top 25 U.S. bank in connection with a $33.4 million construction mortgage loan for construction of residential apartment complexes within the One Daytona mixed-use project in Daytona Beach, Florida.
  • Represented super-regional bank in connection with a $5.85 construction/term deed of trust loan, with mezzanine funding, for a licensed adult living facility in Burke County, North Carolina.
  • Represented top 25 U.S. bank in connection with credit facilities aggregating $35 million consisting of a term loan, accordion term loan, revolving credit facility, and letter of credit subfacility, for a central Florida manufacturing company for a dividend recap.
  • Represented top 25 U.S. bank in connection with a $7.9 million construction/term mortgage loan for a licensed adult living facility with memory care unit in Lee County, Florida.
  • Represented top 25 U.S. bank in $10.5 million acquisition term mortgage financing of a Publix®-anchored retail shopping center in Alachua County, Florida.
  • Represented super-regional bank in connection with a $12.64 million construction/term mortgage loan for corporate headquarters building in Ybor City, Tampa, Florida.
  • Represented regional bank in $10 million revolving credit facility to a REIT to provide leverage for equity investment funding in multi-family assets.
  • Represented community bank in connection with $12.9 million refinancing mortgage loan, with EB-5 mezzanine funding, for a licensed adult living facility with memory care units in Hillsborough County, Florida.
  • Represented super-regional bank in connection with a $22.29 million construction/term mortgage for a Publix®-anchored retail shopping center in Manatee County, Florida.
  • Represented super-regional bank in connection with $10 million limited revolving credit facility for acquisition and development of one hundred ninety-eight (198) to be developed single-family residential lots in Pasco County, Florida.
  • Representation of top 25 U.S. bank as administrative agent in $96.3 million syndicated construction loan for market rental units and retail space in a mixed-use project in downtown Dallas, Texas.
  • Representation of top 25 U.S. bank as administrative agent in $48 million syndicated construction loan for development of a branded convention center hotel in downtown Ft. Myers, Florida.
  • Representation of top 25 U.S. bank in connection with $24 million acquisition mortgage financing for industrial office park in south Florida.
  • Representation of regional bank in $25 million revolving credit facility to REIT for bridge acquisition financing of multi-family assets.
  • Represented professional sports team in $100 million term loan debt under league financing arrangement.
  • Representation of top 25 U.S. bank in connection with $27.9 million construction/term loan for 289 unit multi-family project in Lancaster County, South Carolina.
  • Represented international bank in $13.4 million term loan for refinancing of warehouse/manufacturing facility as well as loans aggregating $6.5 million to operating manufacturing company.
  • Ongoing representation of developer of age-restricted townhome and condominium project in Pasco County, Florida, in connection with acquisition, all development activities, community declarations, and condominium approvals.
  • Ongoing representation of major league baseball club in contemplated $80 million renovations to existing spring training stadium, baseball training, and player development facilities including negotiation of use agreements with local government.
  • Represented super-regional bank in connection with acquisition financing for target HMO companies.
  • Represented company in services sector in syndicated revolving, term loan A and term loan B facilities, with swingline and letter of credit sub-facilities.
  • Represented healthcare company in restructure of senior secured receivables line of credit and term loan, senior subordinated debt and junior subordinated debt.
  • Represented company in services sector in syndicated revolving and term loan facilities, with swingline and letter of credit sub-facilities.
  • Represented super-regional bank in term loan and revolving credit facilities for acquisition of veterinary practices in seven states.
  • Represented super-regional bank in acquisition revolving line of credit to FCC licensed television broadcaster with broadcast operations in nine states.
  • Represented money center bank in connection with term loan for commercial retail shopping center in Texas.
  • Represented banks in leveraged receivables (including Medicare, Medicaid and TriCare receivables) financings for physician groups.
  • Represented super-regional bank in workout and restructure of senior assisted living facility.
  • Represented regional bank in working capital revolving credit facility to community bank.
  • Represented community bank in term financing for senior assisted living facility.
  • Lead counsel to healthcare company in syndicated roll-up financing for 28 radiation and cancer treatment facilities in eleven states.
  • Represented healthcare company in equipment lease financings for radiation treatment facilities.
  • Represented regional bank in extension of acquisition roll-up financing for petroleum jobber for 23 branded convenience store/service stations in South Florida.
  • Represented super-regional bank in construction and mini-perm financing for a branded resort hotel and conference center.
  • Represented regional bank in construction financing for ground-leased branded hotel.
  • Represented regional bank in connection with financing of mini-warehouse facilities in South Florida.
  • Represented financier in DIP construction loan financing on a high-rise luxury condominium project in San Diego, California.
  • Represented private equity fund and acquired company in senior revolving and term loan facilities and subordinated term loan in acquisition of a healthcare company.
  • Represented super-regional bank in bridge financing for HMO.
  • Represented developer in a deed in lieu of foreclosure transaction involving a marina/dockominium/rackominium project.

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  • Overview

    Kent serves as chair of Shumaker, Loop & Kendrick, LLP’s firm-wide Financial Services practice group and has substantial experience in representing financial institutions and other lenders in a wide variety of domestic and international commercial lending and related activities.

    Clients lending to a broad range of industries, including health care, hospitality, technology, transportation, and sports and entertainment, draw on Kent’s vast experience of more than three decades. His proven track record handling a full range of deal structures includes:

    • Real estate acquisition/development
    • Construction and term lending
    • Ground lease financing
    • Asset based lending
    • Health care, utilities, and other regulated industries (including HMOs and FCC licensed broadcasters) financing
    • Preferred ships mortgage financing
    • Subordinated debt
    • Letters of credit
    • C&I, corporate, and commercial lending
    • Acquisition financing in M&A transactions
    • Dividend recapitalization financings

    Additionally, he has been involved in the financing of numerous public/private projects, serving as issuer's counsel, developer's counsel, underwriter's counsel, and credit enhancer's counsel. Representative projects include port facilities, airport improvements, health care facilities, and serving as counsel to a major league baseball club in connection with development and construction of a spring training/minor league baseball stadium and related facilities.

    In addition, institutional lenders look to Kent for representation in connection with structuring, negotiating, and documenting asset restructures, recoveries, and dispositions, and loan workouts comprised of forbearance agreements, structured settlements, deeds in lieu of foreclosure, cash collateral arrangements, and debtor in possession (“DIP”) loan transactions. A trusted advisor, he serves as counsel to public and private companies, equity and venture funds, and portfolio companies in connection with syndicated borrowings, including revolving credit facilities, term loan A and term loan B facilities, acquisition and roll-up financings, and debt offerings and placements.

    Kent has also served as counsel to commercial banks in connection with construction loans for various projects including a marina, fast food franchised restaurants, manufacturing facilities, and hotels under the SBA 504 program.

    Kent has frequently lectured on commercial loan documentation, secured transactions, lender liability, and opinion letter issues.

    Although his legal practice keeps him very busy, Kent has been very active in youth lacrosse, having co-founded South Tampa Sticks Youth Lacrosse, on whose board he has sat for 17 years, and serving on the board of the Hillsborough County Lacrosse Alliance. He likes to spend his free time with his wife on their small farm and is focused on getting his children through school.

  • Representative matters
    • Current representation of top 25 U.S. bank in connection with a $36.35 million construction/term loan for construction of 300 unit multi-family apartment complex in Space Coast Town Center master development in Brevard County, Florida.
    • Current representation of real estate investment affiliate of major-U.S. life insurance company in $39.48 senior construction/term loan with shared appreciation and profits participation, and $13.02 million mezzanine loan for construction of a mixed-use project consisting of 260 units in three (3) mid-rise multi-family buildings and ground level retail space and structured parking in Miami-Dade County, Florida.
    • Current representation of regional bank in connection with a $10.01 construction/term loan for a fifty-five (55) unit (inclusive of thirty-one (31) memory units) assisted living facility in Orange County, Florida.
    • Current representation of regional bank in term and revolving credit facilities aggregating $3mm, with term loan to be participated in the Main Street New Loan Facility, to a home goods manufacturing company based in Florida.
    • Represented sports and entertainment venue owner/operator in issuance of $105 million in senior secured notes and syndicated $45 million delayed draw term loan secured by leasehold mortgage and all assets.
    • Represented major league sports franchise in $15 million league advance facility.
    • Represented manufacturing and distribution company in music industry and related retail store and real estate company in $11.1 million in the aggregate restructure loans with regional bank.
    • Ongoing advice to numerous lenders and borrowers on Payroll Protection Program and the Main Street Lending Program under the CARES Act.
    • Representation of various lenders in connection with COVID-19 related loan modifications including deferrals and financial covenant relief in retail, hospitality, and manufacturing spaces.
    • Represented community bank in $7.685 million refinancing term mortgage loan for office building in Pinellas County, Florida.
    • Represented purchaser of medical office building in Alachua County, Florida with a purchase price of $18.175 million and acquisition term mortgage financing in the amount of $15.079 million.
    • Represented Borrower in $14.108 million refinancing term loan with tenant improvement reserve for medical office building located in Miami-Dade County, Florida.
    • Ongoing representation of private lender in connection with $140 million debtor in possession financing for construction and completion of mixed-use project consisting of condominiums, townhomes, rental units, club, spa, and common area in Pitkin County, Colorado.
    • Represented super-regional bank in connection with $28.05 million in roll-up acquisition financing for petroleum jobber for 26 branded convenience store/service stations throughout Florida.
    • Represented top 25 U.S. bank syndicate participant in $310 million revolving loan (with swingline and letter of credit sub-facilities) and aggregate of $45 million in term loans to multi-national sports and entertainment company.
    • Represented community bank in $4 million refinancing term mortgage loan for retail strip center in Pasco County, Florida.
    • Represented Borrowers in COVID-19 related CMBS Loan Modifications for two (2) branded hotels located in Florida.
    • Ongoing representation of private lender in connection with $51.9 million construction/term loan of a 250 room branded hotel with free-standing units, saltwater pool, convention center, fine dining restaurant, two (2) casual restaurants, grab and go market, retail store, luxury spa, and fitness center in Riverside County, California.
    • Represented community bank in connection with $7.5 million in the aggregate insurance trust premium finance loans.
    • Represented community bank in construction/term mortgage financing for property leased to a cannabis dispensary.
    • Represented U.S. banking subsidiary of Canadian international bank in connection with $9.1 million ABL revolving credit facility with accordion of $2.4 million, and $9.9 million in senior subordinated mezzanine financing, for acquisition of a manufacturing company in the petroleum services industry in Texas.
    • Represented community bank in connection with $12 million refinancing mortgage term loan for branded hotel in Orange County, Florida.
    • Represented community bank in connection with $5.09 million take-out term loan for retail strip center located in Pasco County, Florida.
    • Represented regional bank in connection with $3,5 million take-out term loan for anchored retail strip center in Bay County, Florida.
    • Represented community bank in permanent take-out mortgage financing aggregating $5.8 million for properties leased to cannabis dispensaries.
    • Represented top 25 U.S. bank in $42.48 million construction/term loan for construction of a 348 multi-family project in Seminole County, Florida
    • Represented top 25 U.S. bank in $11.25 acquisition term mortgage financing of an industrial/warehouse property in Pinellas County, Florida.
    • Represented top 25 U.S. bank in $11.26 acquisition term mortgage financing of a Publix®-anchored retail shopping center in Clayton County, Georgia.
    • Represented top 25 U.S. bank as a syndicate lender in connection with a $68.9 million construction/term loan for a flagged 225 room hotel, spa, fitness center, and banquet and meeting space located in Sarasota County, Florida.
    • Represented top 25 U.S. bank in connection with $52 million in the aggregate credit facilities consisting of a term loan and a revolving credit facility secured by fee and ground leased property for a Gulf coast resort and condominium project.
    • Represented top 25 U.S. bank in connection with a $33.4 million construction mortgage loan for construction of residential apartment complexes within the One Daytona mixed-use project in Daytona Beach, Florida.
    • Represented super-regional bank in connection with a $5.85 construction/term deed of trust loan, with mezzanine funding, for a licensed adult living facility in Burke County, North Carolina.
    • Represented top 25 U.S. bank in connection with credit facilities aggregating $35 million consisting of a term loan, accordion term loan, revolving credit facility, and letter of credit subfacility, for a central Florida manufacturing company for a dividend recap.
    • Represented top 25 U.S. bank in connection with a $7.9 million construction/term mortgage loan for a licensed adult living facility with memory care unit in Lee County, Florida.
    • Represented top 25 U.S. bank in $10.5 million acquisition term mortgage financing of a Publix®-anchored retail shopping center in Alachua County, Florida.
    • Represented super-regional bank in connection with a $12.64 million construction/term mortgage loan for corporate headquarters building in Ybor City, Tampa, Florida.
    • Represented regional bank in $10 million revolving credit facility to a REIT to provide leverage for equity investment funding in multi-family assets.
    • Represented community bank in connection with $12.9 million refinancing mortgage loan, with EB-5 mezzanine funding, for a licensed adult living facility with memory care units in Hillsborough County, Florida.
    • Represented super-regional bank in connection with a $22.29 million construction/term mortgage for a Publix®-anchored retail shopping center in Manatee County, Florida.
    • Represented super-regional bank in connection with $10 million limited revolving credit facility for acquisition and development of one hundred ninety-eight (198) to be developed single-family residential lots in Pasco County, Florida.
    • Representation of top 25 U.S. bank as administrative agent in $96.3 million syndicated construction loan for market rental units and retail space in a mixed-use project in downtown Dallas, Texas.
    • Representation of top 25 U.S. bank as administrative agent in $48 million syndicated construction loan for development of a branded convention center hotel in downtown Ft. Myers, Florida.
    • Representation of top 25 U.S. bank in connection with $24 million acquisition mortgage financing for industrial office park in south Florida.
    • Representation of regional bank in $25 million revolving credit facility to REIT for bridge acquisition financing of multi-family assets.
    • Represented professional sports team in $100 million term loan debt under league financing arrangement.
    • Representation of top 25 U.S. bank in connection with $27.9 million construction/term loan for 289 unit multi-family project in Lancaster County, South Carolina.
    • Represented international bank in $13.4 million term loan for refinancing of warehouse/manufacturing facility as well as loans aggregating $6.5 million to operating manufacturing company.
    • Ongoing representation of developer of age-restricted townhome and condominium project in Pasco County, Florida, in connection with acquisition, all development activities, community declarations, and condominium approvals.
    • Ongoing representation of major league baseball club in contemplated $80 million renovations to existing spring training stadium, baseball training, and player development facilities including negotiation of use agreements with local government.
    • Represented super-regional bank in connection with acquisition financing for target HMO companies.
    • Represented company in services sector in syndicated revolving, term loan A and term loan B facilities, with swingline and letter of credit sub-facilities.
    • Represented healthcare company in restructure of senior secured receivables line of credit and term loan, senior subordinated debt and junior subordinated debt.
    • Represented company in services sector in syndicated revolving and term loan facilities, with swingline and letter of credit sub-facilities.
    • Represented super-regional bank in term loan and revolving credit facilities for acquisition of veterinary practices in seven states.
    • Represented super-regional bank in acquisition revolving line of credit to FCC licensed television broadcaster with broadcast operations in nine states.
    • Represented money center bank in connection with term loan for commercial retail shopping center in Texas.
    • Represented banks in leveraged receivables (including Medicare, Medicaid and TriCare receivables) financings for physician groups.
    • Represented super-regional bank in workout and restructure of senior assisted living facility.
    • Represented regional bank in working capital revolving credit facility to community bank.
    • Represented community bank in term financing for senior assisted living facility.
    • Lead counsel to healthcare company in syndicated roll-up financing for 28 radiation and cancer treatment facilities in eleven states.
    • Represented healthcare company in equipment lease financings for radiation treatment facilities.
    • Represented regional bank in extension of acquisition roll-up financing for petroleum jobber for 23 branded convenience store/service stations in South Florida.
    • Represented super-regional bank in construction and mini-perm financing for a branded resort hotel and conference center.
    • Represented regional bank in construction financing for ground-leased branded hotel.
    • Represented regional bank in connection with financing of mini-warehouse facilities in South Florida.
    • Represented financier in DIP construction loan financing on a high-rise luxury condominium project in San Diego, California.
    • Represented private equity fund and acquired company in senior revolving and term loan facilities and subordinated term loan in acquisition of a healthcare company.
    • Represented super-regional bank in bridge financing for HMO.
    • Represented developer in a deed in lieu of foreclosure transaction involving a marina/dockominium/rackominium project.
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