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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."

Overview

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 as well as closings for single and multiple lenders involving participations, syndications, and loan-structuring issues. His practice also involves loan workouts and restructuring transactions for both single and multi-bank participations and syndications. 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

  • Greater Syracuse Business Development Corporation, Board of Trustees Member
Experience

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
Knowledge

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

Featured Media

Alerts

NYS Office of Renewable Energy Siting Proposes New Rules Implementing the Major Renewable Energy Development Program

Alerts

Strict New Criteria for Community Medicaid Program Takes Effect October 1

Alerts

FERC Formalizes Its Practice That States Have a Full Year to Act on Section 401 Certification Requests for Natural Gas Act Infrastructure Projects

Alerts

Have You Received an "Urgent Notice" About Your Trademark?

Alerts

COVID-19: Anticipated RESTAURANTS Act of 2020 Will Establish a $120 Billion Fund for Assistance

Alerts

Post-ARRA COBRA Litigation May Signal COBRA Lawsuits to Come

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