W. Kent Ihrig

Partner, Financial Services Practice Administrator

Kent serves as chair of Shumaker, Loop & Kendrick, LLP’s firm-wide Financial Services practice group and has substantial experience in representing financial institutions and other lenders in a wide variety of domestic and international commercial lending and related activities.

Clients lending to a broad range of industries, including health care, hospitality, technology, transportation, and sports and entertainment, draw on Kent’s vast experience of more than three decades. His proven track record handling a full range of deal structures includes:

  • Real estate acquisition/development
  • Construction and term lending
  • Ground lease financing
  • Asset based lending
  • Health care, utilities, and other regulated industries (including HMOs and FCC licensed broadcasters) financing
  • Preferred ships mortgage financing
  • Subordinated debt
  • Letters of credit
  • C&I, corporate, and commercial lending
  • Acquisition financing in M&A transactions
  • Dividend recapitalization financings

Additionally, he has been involved in the financing of numerous public/private projects, serving as issuer's counsel, developer's counsel, underwriter's counsel, and credit enhancer's counsel. Representative projects include port facilities, airport improvements, health care facilities, and serving as counsel to a major league baseball club in connection with development and construction of a spring training/minor league baseball stadium and related facilities.

In addition, institutional lenders look to Kent for representation in connection with structuring, negotiating, and documenting asset restructures, recoveries, and dispositions, and loan workouts comprised of forbearance agreements, structured settlements, deeds in lieu of foreclosure, cash collateral arrangements, and debtor in possession (“DIP”) loan transactions. A trusted advisor, he serves as counsel to public and private companies, equity and venture funds, and portfolio companies in connection with syndicated borrowings, including revolving credit facilities, term loan A and term loan B facilities, acquisition and roll-up financings, and debt offerings and placements.

Kent has frequently lectured on commercial loan documentation, secured transactions, lender liability, and opinion letter issues.

Although his legal practice keeps him very busy, Kent has been very active in youth lacrosse, having co-founded South Tampa Sticks Youth Lacrosse, on whose board he has sat for 17 years, and serving on the board of the Hillsborough County Lacrosse Alliance. He likes to spend his free time with his wife on their small farm and is focused on getting his children through school.

  • Current representation of top 25 U.S. bank in connection with $52 million in the aggregate credit facilities consisting of a term loan and a revolving credit facility secured by fee and ground leased property for a Gulf coast resort and condominium project.
  • Current representation of top 25 U.S. bank in connection with a $33.4 million construction mortgage loan for construction of residential apartment complexes within the One Daytona mixed-use project in Daytona Beach, Florida.
  • Current representation of super-regional bank in connection with a $5.85 construction/term deed of trust loan, with mezzanine funding, for a licensed adult living facility in Burke County, North Carolina.
  • Current representation of top 25 U.S. bank in connection with credit facilities aggregating $35 million consisting of a term loan, accordion term loan, revolving credit facility, and letter of credit subfacility, for a central Florida manufacturing company for a dividend recap.
  • Current representation of top 25 U.S. bank in connection with a $7.4 million construction/term mortgage loan for a licensed adult living facility with memory care unit in Lee County,  Florida.
  • Current representation of a super-regional bank in connection with a $12.64 million construction/term mortgage loan for corporate headquarters building in Ybor City, Tampa, Florida.
  • Current representation of regional bank in $10 million revolving credit facility to a REIT to provide leverage for equity investment funding in multi-family assets.
  • Represented community bank in connection with $12.9 million refinancing mortgage loan, with  EB-5 mezzanine funding, for  a licensed adult living facility with memory care units in Hillsborough County, Florida.
  • Represented super-regional bank in connection with a $22.29 million construction/term mortgage for a Publix®-anchored retail shopping center in Manatee County, Florida.
  • Represented super-regional bank in connection with $10 million limited revolving credit facility for acquisition and development of one hundred ninety-eight (198) to be developed single-family residential lots in Pasco County, Florida.
  • Representation of administrative agent in $96.3 million syndicated construction loan for market rental units and retail space in a mixed-use project in downtown Dallas, Texas.
  • Representation of administrative agent in $48 million syndicated construction loan for development of a branded convention center hotel in downtown Ft. Myers, Florida.
  • Representation of top 25 U.S. bank in connection with $24 million acquisition mortgage financing for industrial office park in south Florida.
  • Representation of regional bank in $25 million revolving credit facility to REIT for bridge acquisition financing of multi-family assets.
  • Represented professional sports team in $100 million term loan debt under league financing arrangement.
  • Represented international bank in $13.4 million term loan for refinancing of warehouse/manufacturing facility as well as loans aggregating $6.5 million to operating manufacturing company.
  • Ongoing representation of developer of age-restricted townhome and condominium project in Pasco County, Florida, in connection with acquisition, all development activities, community declarations, and condominium approvals.
  • Ongoing representation of major league baseball club in contemplated $80 million renovations to existing spring training stadium, baseball training, and player development facilities including negotiation of use agreements with local government.
  • Represented super-regional bank in connection with acquisition financing for target HMO companies.
  • Represented company in services sector in syndicated revolving, term loan A and term loan B facilities, with swingline and letter of credit sub-facilities.
  • Represented healthcare company in restructure of senior secured receivables line of credit and term loan, senior subordinated debt and junior subordinated debt.
  • Represented company in services sector in syndicated revolving and term loan facilities, with swingline and letter of credit sub-facilities.
  • Represented super-regional bank in term loan and revolving credit facilities for acquisition of veterinary practices in seven states.
  • Represented super-regional bank in acquisition revolving line of credit to FCC licensed television broadcaster with broadcast operations in nine states.
  • Represented money center bank in connection with term loan for commercial retail shopping center in Texas.
  • Represented banks in leveraged receivables (including Medicare, Medicaid and TriCare receivables) financings for physician groups.
  • Represented super-regional bank in workout and restructure of senior assisted living facility.
  • Represented regional bank in working capital revolving credit facility to community bank.
  • Represented community bank in term financing for senior assisted living facility.
  • Lead counsel to healthcare company in syndicated roll-up financing for 28 radiation and cancer treatment facilities in eleven states.
  • Represented healthcare company in equipment lease financings for radiation treatment facilities.
  • Represented regional bank in extension of acquisition roll-up financing for petroleum jobber for 23 branded convenience store/service stations in South Florida.
  • Represented super-regional bank in construction and mini-perm financing for a branded resort hotel and conference center.
  • Represented regional bank in construction financing for ground-leased branded hotel.
  • Represented regional bank in connection with financing of mini-warehouse facilities in South Florida.
  • Represented financier in DIP construction loan financing on a high-rise luxury condominium project in San Diego, California.
  • Represented private equity fund and acquired company in senior revolving and term loan facilities and subordinated term loan in acquisition of a healthcare company.
  • Represented super-regional bank in bridge financing for HMO.
  • Represented developer in a deed in lieu of foreclosure transaction involving a marina/dockominium/rackominium project.
  • Overview

    Kent serves as chair of Shumaker, Loop & Kendrick, LLP’s firm-wide Financial Services practice group and has substantial experience in representing financial institutions and other lenders in a wide variety of domestic and international commercial lending and related activities.

    Clients lending to a broad range of industries, including health care, hospitality, technology, transportation, and sports and entertainment, draw on Kent’s vast experience of more than three decades. His proven track record handling a full range of deal structures includes:

    • Real estate acquisition/development
    • Construction and term lending
    • Ground lease financing
    • Asset based lending
    • Health care, utilities, and other regulated industries (including HMOs and FCC licensed broadcasters) financing
    • Preferred ships mortgage financing
    • Subordinated debt
    • Letters of credit
    • C&I, corporate, and commercial lending
    • Acquisition financing in M&A transactions
    • Dividend recapitalization financings

    Additionally, he has been involved in the financing of numerous public/private projects, serving as issuer's counsel, developer's counsel, underwriter's counsel, and credit enhancer's counsel. Representative projects include port facilities, airport improvements, health care facilities, and serving as counsel to a major league baseball club in connection with development and construction of a spring training/minor league baseball stadium and related facilities.

    In addition, institutional lenders look to Kent for representation in connection with structuring, negotiating, and documenting asset restructures, recoveries, and dispositions, and loan workouts comprised of forbearance agreements, structured settlements, deeds in lieu of foreclosure, cash collateral arrangements, and debtor in possession (“DIP”) loan transactions. A trusted advisor, he serves as counsel to public and private companies, equity and venture funds, and portfolio companies in connection with syndicated borrowings, including revolving credit facilities, term loan A and term loan B facilities, acquisition and roll-up financings, and debt offerings and placements.

    Kent has frequently lectured on commercial loan documentation, secured transactions, lender liability, and opinion letter issues.

    Although his legal practice keeps him very busy, Kent has been very active in youth lacrosse, having co-founded South Tampa Sticks Youth Lacrosse, on whose board he has sat for 17 years, and serving on the board of the Hillsborough County Lacrosse Alliance. He likes to spend his free time with his wife on their small farm and is focused on getting his children through school.

  • Representative matters
    • Current representation of top 25 U.S. bank in connection with $52 million in the aggregate credit facilities consisting of a term loan and a revolving credit facility secured by fee and ground leased property for a Gulf coast resort and condominium project.
    • Current representation of top 25 U.S. bank in connection with a $33.4 million construction mortgage loan for construction of residential apartment complexes within the One Daytona mixed-use project in Daytona Beach, Florida.
    • Current representation of super-regional bank in connection with a $5.85 construction/term deed of trust loan, with mezzanine funding, for a licensed adult living facility in Burke County, North Carolina.
    • Current representation of top 25 U.S. bank in connection with credit facilities aggregating $35 million consisting of a term loan, accordion term loan, revolving credit facility, and letter of credit subfacility, for a central Florida manufacturing company for a dividend recap.
    • Current representation of top 25 U.S. bank in connection with a $7.4 million construction/term mortgage loan for a licensed adult living facility with memory care unit in Lee County,  Florida.
    • Current representation of a super-regional bank in connection with a $12.64 million construction/term mortgage loan for corporate headquarters building in Ybor City, Tampa, Florida.
    • Current representation of regional bank in $10 million revolving credit facility to a REIT to provide leverage for equity investment funding in multi-family assets.
    • Represented community bank in connection with $12.9 million refinancing mortgage loan, with  EB-5 mezzanine funding, for  a licensed adult living facility with memory care units in Hillsborough County, Florida.
    • Represented super-regional bank in connection with a $22.29 million construction/term mortgage for a Publix®-anchored retail shopping center in Manatee County, Florida.
    • Represented super-regional bank in connection with $10 million limited revolving credit facility for acquisition and development of one hundred ninety-eight (198) to be developed single-family residential lots in Pasco County, Florida.
    • Representation of administrative agent in $96.3 million syndicated construction loan for market rental units and retail space in a mixed-use project in downtown Dallas, Texas.
    • Representation of administrative agent in $48 million syndicated construction loan for development of a branded convention center hotel in downtown Ft. Myers, Florida.
    • Representation of top 25 U.S. bank in connection with $24 million acquisition mortgage financing for industrial office park in south Florida.
    • Representation of regional bank in $25 million revolving credit facility to REIT for bridge acquisition financing of multi-family assets.
    • Represented professional sports team in $100 million term loan debt under league financing arrangement.
    • Represented international bank in $13.4 million term loan for refinancing of warehouse/manufacturing facility as well as loans aggregating $6.5 million to operating manufacturing company.
    • Ongoing representation of developer of age-restricted townhome and condominium project in Pasco County, Florida, in connection with acquisition, all development activities, community declarations, and condominium approvals.
    • Ongoing representation of major league baseball club in contemplated $80 million renovations to existing spring training stadium, baseball training, and player development facilities including negotiation of use agreements with local government.
    • Represented super-regional bank in connection with acquisition financing for target HMO companies.
    • Represented company in services sector in syndicated revolving, term loan A and term loan B facilities, with swingline and letter of credit sub-facilities.
    • Represented healthcare company in restructure of senior secured receivables line of credit and term loan, senior subordinated debt and junior subordinated debt.
    • Represented company in services sector in syndicated revolving and term loan facilities, with swingline and letter of credit sub-facilities.
    • Represented super-regional bank in term loan and revolving credit facilities for acquisition of veterinary practices in seven states.
    • Represented super-regional bank in acquisition revolving line of credit to FCC licensed television broadcaster with broadcast operations in nine states.
    • Represented money center bank in connection with term loan for commercial retail shopping center in Texas.
    • Represented banks in leveraged receivables (including Medicare, Medicaid and TriCare receivables) financings for physician groups.
    • Represented super-regional bank in workout and restructure of senior assisted living facility.
    • Represented regional bank in working capital revolving credit facility to community bank.
    • Represented community bank in term financing for senior assisted living facility.
    • Lead counsel to healthcare company in syndicated roll-up financing for 28 radiation and cancer treatment facilities in eleven states.
    • Represented healthcare company in equipment lease financings for radiation treatment facilities.
    • Represented regional bank in extension of acquisition roll-up financing for petroleum jobber for 23 branded convenience store/service stations in South Florida.
    • Represented super-regional bank in construction and mini-perm financing for a branded resort hotel and conference center.
    • Represented regional bank in construction financing for ground-leased branded hotel.
    • Represented regional bank in connection with financing of mini-warehouse facilities in South Florida.
    • Represented financier in DIP construction loan financing on a high-rise luxury condominium project in San Diego, California.
    • Represented private equity fund and acquired company in senior revolving and term loan facilities and subordinated term loan in acquisition of a healthcare company.
    • Represented super-regional bank in bridge financing for HMO.
    • Represented developer in a deed in lieu of foreclosure transaction involving a marina/dockominium/rackominium project.
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