Wednesday, August 23, 2017
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Announcement

August 1, 2017, Chicago, IL. Enterprise Law Group, LLP (“ELG”) is pleased to announce that Pittacora Law Group, LLC (“PLG”) has combined with and into ELG, effective August 1, 2017. In connection with this combination, James R. (“Jim”) Pittacora has joined ELG as an equity partner and Julianne Dailey has joined ELG as an associate attorney. Jim is a commercial litigator and real estate attorney, with more than 20 years’ experience, who focuses on complex business litigation, mechanic lien and construction litigation, landlord-tenant law with an emphasis on landlord representation, and commercial and residential real estate transactions. Prior to joining ELG, Jim was the sole member of PLG. Prior to forming PLG, Jim was also a partner at Ungaretti & Harris (now Nixon Peabody LLP). The combination with PLG expands and strengthens ELG’s litigation and real estate practice areas.

Representative Matters

Banking & Finance

  • In September 2015, ELG represented an owner of commercial real estate located in Northbrook, Illinois in connection with two term loans totaling $3.6 million, secured by a first priority mortgage and assignment of leases and rents on the property.
  • In October 2014, ELG represented an online retailer and its affiliates in connection with the payoff of certain of its credit facilities and an amendment to a $2.9 million term loan, secured by a first priority mortgage and assignment of leases and rents on commercial real estate.
  • In 2014, ELG represented a multi-family housing developer in connection with a $25.4 million commercial mortgage refinance of an apartment complex located in northeastern Texas.
  • In 2014, ELG represented a factoring company with respect to a workout of the company’s $7.0 million revolving credit facility with a local bank.
  • In 2014, ELG represented a large regional bank in connection with Sharia-compliant financing for various companies located in Chicago engaged in meat processing and food distribution.
  • In 2013, ELG represented a health, fitness, and dining club in connection with a $60 million syndicated term loan (refinance), secured by a first priority mortgage and assignment of leases and rents, and a $2.0 million revolving line of credit for general corporate purposes, secured by a blanket lien on all assets.
  • In August 2012, ELG represented a local bank in connection with a $4.4 million term loan (refinance) to an Illinois limited liability company, secured by a first priority mortgage and assignment of leases and rents on an office building located in Joliet, Illinois.
  • In August 2012, ELG represented various affiliated borrowers in connection with the following credit facilities:
    • $8.0 million revolving line of credit, secured by a blanket lien on all assets;
    • $1.0 million term loan, secured by a first priority mortgage and assignment of leases and rents on commercial real estate;
    • $3.3 million term loan, secured by a first priority mortgage and assignment of leases and rents on commercial real estate; and
    • $1.0 million non-revolving line of credit for capital expenditures, secured by a blanket lien on all assets.
  • In February 2012, ELG represented a large Chicago bank in connection with a $1.5 million revolving line of credit facility and a $2.0 million term loan for a company which manages various assisted living facilities throughout the United States. These credit facilities were secured by various business assets, an assisted living facility, and a personal residence.
  • In December 2011, ELG represented a large national bank, as a co-lender with respect to a 50% interest in a $34.0 million syndicated loan transaction.