Ray represents small community banks, regional financial institutions and global commercial lending institutions in both new commercial lending transactions as well as in pre-workout/enforcement restructures of existing commercial loans.
Ray serves as the primary closing attorney for several national Small Business Administration (SBA)- guaranteed lenders. He leads a team of attorneys and staff that close the SBA-guaranteed loans nationally.
Ray has represented banks in commercial lending transactions, including construction loans, secured by diverse collateral, including, but not limited to hotels, commercial industrial and investment real estate, residential subdivisions, co-op apartments, commercial condominiums, fishery/hatchery, ships including small cruise ships and charters, planes, intellectual property including patent, trademark and copyrights, and tax-exempt structures. Many of the larger transactions include participants and other funding sources that require intricate participation agreements, intercreditor agreements and subordination agreements.
Ray is a leader at Phillips Lytle, serving on the firm’s Governing Committee for three terms of three years each, and as leader of Phillips Lytle’s Banking and Finance Practice Group for five years.
In addition to his passion for representing his clients and leading Phillips Lytle, Ray has contributed his time and energy to many community organizations, including youth and high school sports in Honeoye Falls.