Photo of

Michael G. Proctor

Member
Bridgeport Office
850 Main Street
P.O. Box 7006
Bridgeport, CT 06601-7006
p 203.330.2145
f 203.330.2089

Michael G. Proctor is a member of the Real Estate Department. His practice includes commercial real estate finance and the acquisition, development, leasing and sale of commercial property. Mike regularly represents banks, hospitals, developers, investors and businesses in all aspects of commercial real estate and real estate finance.

Representative Experience

  • Regular representation of lenders in commercial real estate finance transactions.  For example:  (i) Mike represented lead bank in a $43.1 million condominium construction loan in Stamford, Connecticut, (ii) represented lender in complicated $12 million construction/permanent loan for construction of grocery store leased to national grocery chain in which collateral for loan was a mortgage on ground sublease; and (iii) representation of Lender in a $26 million permanent loan secured by office building located on Ground Subleased land  in Long Island, New York
  • Regular representation of a financial institution in its participation in large syndicated commercial real estate loans made nationally
  • Regular representation of the community development financing division of a large national bank in community financing matters throughout Connecticut, including (i) acting as real estate counsel for a loan financed in part by New Market and Historic Tax Credits and (ii) lead counsel for $44,381,000 condominium construction loan in Stamford, Connecticut
  • Representation of developer in all aspects of the development of a golf community in Oxford, Connecticut, including representation in (i) assemblage and acquisition of over 600 acres of land, (ii) acquisition financing and construction financing for the construction of a required infrastructure golf course and (iii) phased sale of the residential development rights over a period of years to national home builder
  • Regular representation of a large independent retail and wholesale gasoline distributor.  In connection with such representation Mike has represented the client in the sale of its bulk gasoline and oil storage facility and regularly represents them in all commercial finance matters and in connection with the acquisition, leasing and financing of retail gasoline station locations throughout the state of Connecticut
  • Representation of large commercial bank in its leasing activities in Connecticut including representation in connection with a large scale expansion of its retail branch network
  • Representation of a regulated utility in the acquisition of its operation center for over $11 million
  • Regular representation of one of Connecticut’s largest hospitals in all of their real estate acquisitions, dispositions and leases
  • Representation of a municipality in its acquisition for $15.6 million of a former industrial building acquired for redevelopment as a regional “magnet” school
  • Representation of a developer as real estate counsel in its acquisition of a former bank headquarters building and the closing on the financing required to convert the office building into a mixed use housing and retail development.  Financing included multiple levels of public and private debt and the employment of Historic and New Market Tax Credits

Professional Affiliations

  • American Bar Association - Real Property Section
  • Connecticut Bar Association - Real Property Section; Commercial Law and Bankruptcy Section; Environmental Law Section
  • Real Estate Finance Association, Fairfield County Chapter
  • Urban Land Institute - associate member
  • Council on Law in Higher Education

Honors & Awards