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Partner - Scott M. Gerard

Scott M. Gerard

Partner

Stamford: (203) 324-8195
New York: (212) 376-3020
sgerard@goodwin.com
Stamford Office, New York Office
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Scott Gerard represents national, regional and local lenders on commercial finance transactions of various types, including those involving complicated New York lien laws on construction loans as well as loan restructurings and workouts. In addition, he represents clients in a broad spectrum of corporate and real estate transactions. Drawing on his 40 years of experience in private legal practice, he also serves as outside general counsel and trusted advisor to businesses with operations and interests in a range of industries, including financial services, health care, construction and real estate.

Scott regularly represents commercial financial institutions and other primary lenders in structuring and closing a wide range of sophisticated loans, including permanent and construction loans, tax credit financings, and asset-based and commercial real estate mortgages. He has worked on projects involving hotels, multifamily residential developments, health care and senior care facilities, manufacturing and industrial facilities, and retail properties. In addition to his work on behalf of lenders, Scott has represented major developers in all phases of real estate development and has advised on public-private partnerships.

Recently, and in conjunction with the Connecticut Bankers Association, Scott was a panelist for a webinar on workout strategies and risk analysis, during which he focused on the specific concerns of banks and other lenders. Scott has extensive experience advising lenders on loan-related issues arising out of restructures and workouts, with particular respect to loans secured by various types of collateral.

Scott believes that developing a strong relationship with his clients and gaining a deep understanding of their businesses, transactions and objectives are key to effective representation. In addition to providing outcome-focused representation on specific matters, Scott serves as outside general counsel to a variety of companies, providing guidance on matters such as business formation, structuring of new business entities, negotiation of mergers, acquisitions and joint ventures, and the disposition of privately held entities.

Distinctions

Professional Affiliations

  • New York Bar Association
  • Connecticut Bar Association: Real Estate, Tax and Business Law Sections
  • Connecticut Community Bankers Association
  • Real Estate Finance Association
  • Real Estate Lenders Association
  • Association for Corporate Growth (ACG)

Community Involvement

  • Housing Development Fund (nonprofit): Board Member (2016-present)
  • Connecticut Venture Group: Member
  • Arena Football League: Board of Directors (1996-1998)
  • Jewish Senior Services: Board Member (2011-2014)
  • Town of Fairfield: Board of Tax Review (2001-2005)

Experience

$10.8M Financing for the Construction of a Condominium unit development in Haverstraw, New York
$17.5M Financing for the Rehabilitation of Existing Buildings into an Inn, Spa and Restaurant in Peekskill, New York
$8.8M Financing for the Rehabilitation and Construction of a Theater Company in Norwalk, Connecticut
$16.7M Financing for an Affordable Housing Project in Meriden, Connecticut
$3.4M Financing for a Mixed-Use Project in Norwalk, Connecticut
$7.5M Revolving Line of Credit Loan Secured by Viatical Life Settlements
$44M Financing for the Redevelopment and Construction of Retail Center in Chappaqua, New York
$40M Financing for the Construction of a Multi-Family Apartment Complex in Stamford, Connecticut
$65M Syndicated Construction Financing for a Mixed-Use Residential and Commercial Building in New Haven, Connecticut
$6.7M Financing for the Construction of a Multi-Family Apartment Complex Subject to HUD Restrictions in New Haven, Connecticut
$18.2M Construction Financing for a Commercial Office Building with Ground Floor Retail in New York with a $2.5M Revolving Line of Credit
$3.9M Financing for the Construction of Apartments in Brooklyn, New York
$9M Financing for the Construction of Mixed-Use Apartment Building with Affordable Housing Units in Westport, Connecticut
$8M Financing for an Office Building Complex Involving a Ground Lease Structure in Chappaqua, New York
$32.7M Financing for an Office Building in Greenwich, Connecticut
$5M Financing on a Tenant-In-Common Owned Commercial Office and Retail Space in Mount Kisco, New York
$8M Financing for a Skilled Nursing Facility in Richmond, Virginia
$32M Syndicated Term Loan for a Skilled Nursing Facility in New York
$18M Financing for a Skilled Nursing Facility in Sylmar, California
$45M Combination Financing Including a Term Loan and a Revolving Line of Credit for Six Skilled Nursing Facilities in Various Counties in New York
$80M Combination Financing Including a Term Loan, Construction Loan and revolving Line of Credit Loan for a Skilled Nursing Facility in New York
$20.7M Combination Financing Including a Term Loan and Revolving Line of Credit for a Skilled Nursing Facility in New York
$29.9M Financing for the Construction of a Senior Housing Facility in Danbury, Connecticut
$4.8M Financing for Four Assisted Living Facilities in California
$22.2M Financing for the Construction of an Assisted Living and Memory Care Facility in North Haven, Connecticut
$59.1M Financing for a Skilled Nursing Facility in Queens, New York
$22.4M Financing for the Construction of an Assisted Living and Memory Care Facility in Sewell, New Jersey
$16M Tax Credit Financing Construction to Permanent Loan
$40M Refinancing of Existing New York Skilled Nursing Facility and Cross Collateralization of a Newly Purchased Hospital
$80M Complex New York Co-Lending Financing for Construction Loan, Term Loan and Line of Credit for Skilled Nursing Facility
$45M Financing for Acquisition of 6 Upstate New York Nursing Homes and Cross Collateralization of Operating Company Properties and Assets
$15M Refinancing of 3 Connecticut-Based Assisted Living Facilities
$22.5M Construction Loan and Complex Fund Structure for New Jersey Assisted Living Facility
$75M Syndicated Co-Lending Structure for Term Loan Facility for Cash Out Financing for New York Health Care Facility
$18M Construction to Permanent Loan for Construction of New York Assisted Living Facility
$46M Term Loan Syndication for New York Skilled Nursing Facility
$92M Acquisition of Multi-facility Skilled Nursing Homes in New Jersey and Pennsylvania
Financing Issues Related to New York Lien Laws
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Practice Areas

Education

  • American University Washington College of Law, J.D., 1980
  • Boston University, B.S., Accounting, 1976, summa cum laude

Bar Admissions

  • Connecticut
  • New York

Court Admissions

  • U.S. District Court, District of CT
  • U.S. Tax Court
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