Walter Balick Ferst

Practice Details

• Firm Information
  Position

  Counsel

  Firm Name

  Schnader Harrison Segal & Lewis LLP
• Representative Cases & Transactions
  Cases

  Representative Matters: Financial Services: A substantial portion of Mr. Ferst's practice involves the representation of commercial lenders, both bank
  non-bank, primarily in connection with secured transactions.
  He routinely represents lenders in the extension of credit facilities involving asset-based loans, syndicated credits, structured financed
  credit enhancements for municipal financing.
  Although the industries in which these lenders extend credit are varied, Mr. Ferst has considerable experience in the extension of credit facilities to the financial services industry, exempt organizations, student housing
  to health care providers.
  In addition, his representation of lenders includes advice
  counsel regarding non-performing loans in forbearance or other workout settings
  Exempt Organizations: Mr. Ferst has extensive experience in the representation of nonprofits, particularly in the area of finance, including public finance
  credit enhancement of public financed transactions.
  He routinely represents a substantial nationally recognized private foundation in matters relating to nonprofit
  for-profit joint business ventures, new markets tax credit financing, an extension of credit
  credit guarantees in connection with mission-related programs, Program Related Investments,
  corporate governance issues. By way of illustration, he recently assisted the foundation in procuring a secured line of credit in the amount of $160 million
  the facilitation of TIF financing in the amount of $85 million, the proceeds of which benefit programs supported by the foundation.
  He also has extensive experience in structuring privatized student housing projects
  related matters
  recently closed a series of transactions involving public financing in excess of $250 million.
  Insurance: Mr. Ferst has substantial experience representing claimants in insurance insolvencies including, most recently, the representation of insurers, reinsurers, servicers, policyholders
  other claimants in each of the Reliance Insurance
  Legion Insurance insolvencies. From time to time, Mr. Ferst has been engaged as special counsel to the Pennsylvania Department of Insurance regarding insurance insolvency matters.
  He represents a number of clients in matters relating to insurance, including insurers, insureds, self-insureds, reinsurance
  insurance pools.
  He helped to establish
  has represented for a number of years one of the first workers' compensation trusts organized under Pennsylvania law for like-kind employers.