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Parker Poe

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Wanda C. Townsend

Partner
wandatownsend@parkerpoe.com
Charlotte | 704.335.9017
Mobile | 704.589.5222
Fax | 704.334.4706
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Wanda Townsend is a deal-maker who focuses on commercial real estate finance. She has closed transactions across the country, and her clients include banks, private credit and other non-bank finance companies, and other businesses. Clients value Wanda's responsiveness, common-sense approach, and commitment to finding the best way to make the deal happen, with one client telling Chambers USA that her approach is “truly differentiating.”

Client and peer feedback has led Chambers to rank Wanda among North Carolina's leading real estate finance attorneys, highlighting her work across a range of financing transactions. Wanda regularly represents financial institutions in commercial real estate loans, including construction loans, acquisition and development loans, term financing, revolving credit facilities, hedge agreements, mezzanine financing, and syndicated financing. She has particular experience with mixed-use and hotel financing.

Wanda also advises financial institutions on loans secured by business assets such as accounts receivable, equipment, and inventory. Additionally, she represents financial institutions and businesses in the purchasing, leasing, and selling of property.

Healthcare clients and privately held companies also turn to Wanda for help navigating a range of their business needs, including employment issues, leasing, mergers and acquisitions, and corporate documents.

Representative Experience

  • Represented large institutional lenders in real estate transactions where multiple properties are pledged as collateral.
    • Represented national lender in connection with a $50.4 million construction loan for a 293,833-square-foot Class A speculative office building project for property located in North Carolina.
    • Represented national lender in connection with a $35.9 million construction loan for the construction of a 245-unit Class A apartment project, including a 339-space base level parking garage and 1,066 square feet of retail space on the property located in Atlanta, Georgia, having a total project cost of $44.4 million.
    • Represented two regional banks in connection with a syndicated club deal in the amount of $26 million, subsequently amended to add additional debt of $4 million, for the construction of a 288-unit apartment project in Charlotte, North Carolina, having a total project cost of $30.7 million.
    • Represented national lender in connection with a discretionary revolving line of credit to a large national homebuilder in the amount of $40 million for the purpose of funding the acquisition costs of approximately 25 properties in North Carolina and South Carolina, as well as certain site development work on the properties.
    • Represented national lender in connection with a $30 million loan for the acquisition of land and construction of a 288-unit apartment complex.
    • Represented national lender in connection with a $20 million construction loan to finance the demolition of existing apartment buildings on a large tract of land located in North Carolina, as well as the construction of three new apartment buildings with a total of 182 units.
    • Represented national bank as administrative agent on two $20 million revolving lines of credit to several borrowers with at least 20 guarantors and a $3.3 million term loan all secured by receivables and assets.
    • Represented national bank in connection with a $20 million revolving line of credit secured by eligible receivables and assets.
    • Represented regional bank in a $20 million construction loan secured by a five-story, 142-room LEED certified Hampton Inn & Suites hotel with meeting/conference space and parking spaces on adjoining parking deck owned by different entities.
    • Represented regional bank in a $36.5 million loan to refinance existing debt on a 215,191-square-foot retail shopping center located in North Carolina.
    • Represented national lender in connection with a $36.3 million construction loan to finance the construction of a 292-unit apartment project in South Carolina having a total project cost of $47.6 million.
    • Represented regional bank in a syndicated construction loan in the amount of $34 million to finance construction of a grocery-anchored retail shopping center in North Carolina.
    • Represented national lender in connection with a $14.7 million construction loan for a 151-room hotel in Baltimore, Maryland.
    • Represented regional lender in connection with an $11 million loan for the acquisition and renovation of a Class A office building totaling 118,650 square feet in Charlotte, as well as an $8 million loan for the acquisition and renovation of a Class A office building totaling 109,674 square feet in Charlotte.
  • Represented private credit firms lending in states across the country, including California, Washington, Ohio, New Jersey, Florida, South Carolina, North Carolina, Georgia, Texas, and Tennessee.
    • Represented a national lender in connection with a $17.9 million loan to finance costs and expenses of the development of approximately 300 residential homesites on property located in North Carolina.
    • Represented a national lender in a $23 million loan refinancing three hotel properties in Texas, each having a different hotel flag with different borrowers as tenants in common.
    • Represented a national lender in connection with an apartment loan secured by real estate located in Washington state. This loan included a mezzanine loan facility from a subordinate lender.
  • Represented commercial real estate developers and large companies, including financial institutions, in negotiation, acquisition, leasing, financing, and management matters.
  • Represented healthcare providers in general business, employment, leasing, joint ventures, mergers and acquisitions, and contracting matters.
  • Represented lenders in asset-based lending to operating companies.
  • Assisted landlords and tenants with their acquisition, development, and leasing of retail centers and mixed-use developments.
  • Represented entities in complex merger negotiations and with stock and asset purchase transactions.
  • Represented privately held companies in various business transactions, as well as the formation of corporations, partnerships, and limited liability companies, including bylaws, operating agreements, management and employment agreements, and shareholder agreements.

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Honors & Awards

  • The Best Lawyers in America in Banking and Finance Law, Real Estate Law, 2013-2027
  • Chambers USA: America’s Leading Lawyers in Real Estate: Finance, 2014-2016, 2018-2026; Real Estate, 2017
  • Certificate of Appreciation for Collaborative Role on the CREW Charlotte Deal of the Year, 2017
  • North Carolina Super Lawyers, 2016-2018
  • North Carolina Lawyers Weekly Leaders in the Law, Honoree, 2014
  • Business North Carolina Legal Elite, Business, 2013
  • The Mecklenburg Times 50 Most Influential Women, 2012
  • Business Leader Magazine Top 50 Entrepreneur, 2012
  • Firm Management Committee for Johnston, Allison & Hord, PA, 2011-2015
  • Business Leader Magazine Women Extraordinaire, 2010
  • Charlotte Business Journal Top 25 Women in Business Award, 2009
  • CREW Charlotte, Impact Award, 2010; Networking Deal of the Year Award Member, 2010, 2007
  • The North Carolina Journal of International Law and Commercial Regulations, 1990-1991
  • AV® Preeminent™ rated by Martindale-Hubbell

Memberships

  • Commercial Real Estate Women (CREW) Charlotte, Member; Strategic Planning Committee; Board of Directors, 2011-2013
  • American Bar Association
  • North Carolina Bar Association
  • Mecklenburg Bar Association
  • North Carolina Society of Health Care Attorneys
  • North Carolina Bankers Association
  • Hospitality House of Charlotte, Board Member and President, 1994-2000
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