Zachary David Prendergast

Zack Prendergast is a partner at Robbins, Kelly, Patterson & Tucker. He represents clients at all stages of commercial finance and corporate transactions. His clients include real estate investors, financial institutions, special servicers, REITs, private equity funds, commercial leasing companies, and acquirers of commercial debt.

Zack’s practice focuses on general corporate, finance, and real estate transactional matters. He handles different kinds of transactions, including asset acquisitions and dispositions, mortgage financings, note-on-note facilities, leases, real estate development, and corporate structure and formation. He works on transactions involving a number of commercial asset classes, including retail, office, hotel, multifamily, student housing, senior living, and mixed-use properties.

A main focus of Zack’s practice is advising clients, particularly lenders, on resolving distressed and non-performing commercial loans. He counsels clients on loan enforcement, out-of-court workouts and restructurings, loan modifications, foreclosure litigation, receiverships, bankruptcy, and the management and disposition of REO property. He also represents court-appointed receivers and acquirers of property out of receivership.

Zack is admitted to practice law in Ohio, Indiana, Kentucky, and Michigan. He maintains a national practice and counsels clients on transactions all over the United States.

Representative Matters

• Counsel for noteholders on foreclosure and subsequent deed in lieu of foreclosure transactions for $186 million in loans secured by a portfolio of shopping centers in Ohio and Indiana.
• Counsel for lender on $121 million loan facility secured by a chain of skilled nursing facilities in Indiana.
• Counsel for the noteholder in a workout of a $36 million mortgage loan secured by retail property in Colorado.
• Counsel for a REIT on $92.5 million loan facility secured by borrower’s interest in a retail development in New Jersey.
• Counsel for the seller in $32 million disposition of an office tower in Louisville, Kentucky.
• Counsel for the noteholder in $21 million foreclosure of an office tower in Lexington, Kentucky.
• Counsel for a REIT in a $16 million disposition of real estate in Florida.
• Counsel for the lender on $21 million construction loan secured by a senior housing facility in Lexington, Kentucky.
• Counsel for the purchaser in the acquisition of an office complex in Columbus, Ohio for $6.4 million, including $6 million in CMBS assumption financing.
• Counsel for the noteholders in an out-of-court workout of $7.5 million in loans secured by residential and commercial property in Indiana.
• Counsel for the purchaser in the acquisition of multifamily property for $4 million.
• Counsel for the acquirer of $1.8 million in loans secured by a golf course in suburban Cincinnati, Ohio.
• Counsel for both sellers and buyers on multiple loan sale transactions.
• Counsel for the seller in the $1.3 million sale of a strip center in Wisconsin.
• Counsel for the seller in the $2 million sale of a medical office building in Michigan, including documentation of seller financing.
• Counsel for the court-appointed receiver of the Terrace Plaza Hotel in Cincinnati, Ohio.
• Counsel for the lender in documenting and closing a $2 million loan secured by a horse farm in Kentucky.
• Counsel for the noteholder in obtaining a state court judgment and appointment of receiver on a $7 million line of credit secured by equipment and business assets, and in obtaining dismissal of the borrower’s subsequent Chapter 11 filing.
• Counsel for the noteholder in obtaining summary judgment on a $1.2 million loan over the opposition of guarantors, a junior lienholder, and a lessee challenging standing and lien priority.
• Counsel for the noteholder in successfully defending an appeal of a $1.7 million cognovit judgment in 2010-1 CRE Venture, LLC v. Costanzo, 2011-Ohio-3530.

Community Involvement

• Cincinnati Children’s Choir, Board Member, 2014 - 2017