niles holmes pc was formed in January of 2004 as a real estate boutique law firm in order to provide a more specialized legal representation to financial institutions on a national basis for their commercial real estate lending and servicing requirements. Our founder, Niles Holmes, while serving as the practice group chairman of the Real Estate Lending practice group at the large law firm of Winstead Sechrest & Minick PC, observed the disturbing trend of rising associate compensation in direct proportion with the dramatic increase of the hourly rates of the attorneys and paraprofessionals. The effects of this trend were inconsistent and inadequate legal representation and exorbitant legal fees resulting from the synergistic effect of artificially inflated hourly rates and a business model that encouraged inefficiencies of inexperienced associates who were working under increased billing requirement pressures. Although these cost inefficiencies may be ameliorated in either the large transaction or the commoditized limited negotiation contexts, Mr. Holmes theorized that a competitive niche would be created that could be more adequately served by small teams of very experienced and technically competent attorneys and paraprofessionals that could efficiently represent lenders in the origination, closing servicing and restructuring of complicated highly structured and heavily negotiated commercial real estate lending transactions. Thus, niles holmes pc was formed to serve this lending sector with sophisticated, efficient, time sensitive and cost sensitive legal representation.
Since our founding, we have expanded to two senior real estate attorneys and two real estate paraprofessionals who have prior large law firm training and extensive wide range of real estate transactional experiences. We have further specialized into the two practice group areas of real estate lending and restructuring and servicing.
Real Estate Lending
Our attorneys have counseled lenders through all cycles of the real estate markets and, as a result, have negotiated and documented financing for every type of real estate structure and project. Our clients have come to expect the expertise and attention that only attorneys who specialize in this area can provide.
Restructuring and Workouts
Though we take great pride in our ability to help lenders close transactions, not every market is conducive to performing portfolios. During market downturns and corrections in the real estate economy, our attorneys have guided clients through restructuring with innovative solutions. The negotiating, consensus-building, bargaining, and problem-solving skills of our attorneys lead to creative results that are efficiently achieved. Though typically the last resort, our attorneys are also skilled and experienced in the complex foreclosure process and apply this expertise to guide our clients through uncertainty.