Paul Vellano Jr.

Biography

Paul primarily concentrates his practice on commercial-loan closings, general regulatory and compliance issues, loan documentation and restructuring, loan workouts, general business matters, and real estate.

Paul also handles strategy and compliance matters for commercial lenders related to loan and deposit documentation, closings and structuring, loan workouts and bankruptcy, and lender-liability planning and collection strategies. He is also involved in representing receivers of businesses in restructuring and liquidation transactions.

Bar Associations

American Bar Association
New York State Bar Association
Onondaga County Bar Association

Selected Memberships & Affiliations

Risk Management Association, Empire Chapter, Former Board of Directors Member

Representative Experience

Represented a bank in a construction loan involving mixed-use property in Rochester, New York. The $11 million transaction involved a SWAP component, negotiating borrower and guarantor recourse issues, and resolving title issues.
Assisted a receiver in liquidating the assets of a garbage collection business and handling environmental and wage issues connected to the business. Assisted the receiver in collecting over $2.5 million, which resulted in full payment to all secured creditors with a small dividend to unsecured creditors.
Represented local and regional banks regarding multi-million lines of credit for mortgage-warehouse lenders.
Represented a regional bank in a $62 million multi-location hotel-syndication construction and permanent loan.
Represented a regional bank in a local IDA transaction involving an $8 million construction and permanent loan for an apartment project accompanied by a swap transaction.
Represented a regional bank in a $10 million shopping-center acquisition and swap transaction.
Represented a regional bank in a $6.75 million loan and swap transaction.
Represented a regional bank as a participant in a syndicated loan transaction involving a $48 million line of credit and a $10.5 million term loan.
Represented a regional bank in the restructure and liquidation of $12 million in business credit.
Represented a regional bank in the restructure of $8.3 million in real estate and business credit.
Represented a regional bank in the restructure of a $28 million business loan.
Represented a receiver in the liquidation of a large regional trash hauler.
Represented a receiver in the restructure of an environmental company.
Represented a regional lender in a $30 million construction- and permanent-loan transaction involving a swap transaction and a local IDA.
Represented a principal and a long-standing local business in the sale of the principal's 100 percent membership interest, negotiating the sales contract and consummating the entire transaction, including financial assumptions, vendor consents, and negotiating a new lease and employment contract. The result of the transaction assured the orderly transition of the company to another entity and the continuation of the company for the benefit of the community and the employees.
Represented a regional bank in a complex workout of over $9 million in secured debt, including restructuring, forbearance negotiations, pre-bankruptcy support agreement negotiations, and a 363 sale of the debtor's assets.

Prior Experience

Menter, Rudin & Trivelpiece, P.C., Shareholder
Menter, Rudin & Trivelpiece, P.C., Executive Vice President
Menter, Rudin & Trivelpiece, P.C., COO
Menter, Rudin & Trivelpiece, P.C., CFO
Melvin & Melvin, Partner

Selected Community Activities

Greater Syracuse Business Development Corporation, Board of Trustees Member

Selected Honors

Syracuse University, Phi Beta Kappa

Selected Speaking Engagements

Presenter at RMA Empire State Chapter Fall Conferences on legal issues involving fraud, construction loans, lender litigation, and general lender issues.
Presenter at a regional bank system-wide lender and administrative meeting on legal issues and lending procedures.
Presenter at a community bank on compliance topics and procedures.
Lecturer for Lorman Education Services and a local bar association on guarantees and lender enforcement topics.

Selected Publications & Media

Enforcing Judgments and Collecting Debts in New York, “Judgments and Liens”
Channel 7, “Bank Statement Issues for Consumers”

Selected Alerts & Blog Posts

Planning for the End of LIBOR

Overview Experience Knowledge

Syracuse University College of Law, JD, cum laude; Syracuse Law Review, Editor
Syracuse University, BA, summa cum laude

New York
US District Court for the Northern District of New York
US District Court for the Western District of New York

Featured Industries

New & Emerging Industry Practice Areas

Practice Areas

PaulVellano Jr.

Partner

"Solving problems has always been a great passion for me and, as a lawyer, that's what I do for my clients on a daily basis."

Biography

Bar Associations

Selected Memberships & Affiliations

Representative Experience

Prior Experience

Selected Community Activities

Selected Honors

Selected Speaking Engagements

Selected Publications & Media

Selected Alerts & Blog Posts

Education

Practices & Industries

Admitted to Practice

Featured Media

Alerts

COVID-19: Life and Disability Insurance Coverage

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2021 NYS Budget Grants Immunity to Health Care Providers During COVID-19, Shortens the Statute of Limitations for Collections, and More

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Updated SBA Guidance on the Paycheck Protection Program

Alerts

COVID-19: Labor Issues for Non-Union, Union Employers in Uncertain Times

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COVID-19 Alerts: Week of March 30

Alerts

"Essential Business" Defined for Real Estate Industry