Loeb & Loeb Expands New York Commercial Finance Practice

NEW YORK – Loeb & Loeb LLP announced today that Peter G. Seiden and Bryan G. Petkanics will join the New York office as partners in the Commercial Finance Practice. Seiden and Petkanics join from LeClairRyan, where they were partners in the firm’s New York office, prior to which they were partners at Seiden Wayne LLC. Seiden and Petkanics worked together at Seiden Wayne for 27 years before the firm merged with LeClairRyan in 2007. The pair will be joined by John Oberdorf III, Associate, who also comes from LeClairRyan.

“Today’s complex financial markets are rapidly evolving,” said Michael Beck, Chairman of Loeb & Loeb. “The addition of Peter and Bryan will add significant depth to our practice and enhance our ability to serve our clients with their sophisticated financing needs.”

Peter Seiden’s practice concentrates on representing banks and other financial institutions in loan and commercial transactions. His experience includes general lending, private equity and subscription line financing, lending to hedge funds and funds of funds, commercial real estate lending transactions, swaps and derivatives, art loans, aircraft leasing and lending, margin lending, letters of credit, various leasehold arrangements and other forms of secured lending.

Seiden earned his B.A. from Gettysburg College, with honors, and his J.D. from Rutgers University School of Law. He also serves as Vice Chair of the Board of Trustees of Gettysburg College.

Bryan Petkanics also focuses his practice on the representation of banks and other financial institutions in private banking and commercial lending transactions, including secured and unsecured lending, private equity and subscription line financing, letters of credit, project finance and various other credit arrangements. Much of his work has involved foreign banks and offshore entities. His experience includes financings structured around hedge fund interests, private equity interests, fine art, aircraft, marketable securities, real property and other personal property. He also has expertise in asset-based lending, derivatives, restructuring and loan workouts.

Petkanics earned his B.A. from Fordham University, cum laude, and his J.D. from Georgetown University Law Center.

Peter Seiden said, "Loeb & Loeb’s prominence and national recognition in the marketplace, along with its deep experience in banking, private equity and private wealth management will provide a great platform to further build-out our practice. We look forward to working with our new colleagues in New York as well as leveraging the firm’s strong west coast and Asian presence, which will be a great asset for our clients."

Bryan Petkanics added, "We are so pleased to be joining Loeb & Loeb and know that the firm’s footprint, infrastructure and broad strengths in workouts and restructurings, corporate, tax and litigation areas will be a perfect strategic fit for our practice."

John Oberdorf III focuses his practice on the areas of commercial finance, corporate law, mergers and acquisitions, and intellectual property matters and transactions. Much of his work involves the representation of banks and other financial institutions in private banking and commercial lending transactions, including secured and unsecured lending, private equity and subscription line financing, lending to hedge funds and fund of funds, art loans, and various other credit arrangements. He also advises clients concerning a variety of corporate law matters and transactions arising from formation through and including ultimate sale, merger, and/or dissolution, and with a special emphasis on the digital media, marketing, and technology industries.

Oberdorf earned his B.S. from Georgetown University, an M.B.A. from Seton Hall University, and his J.D. from Seton Hall University School of Law.

Loeb & Loeb LLP is a multi-service law firm with more than 300 attorneys focusing on select practice areas, rather than endeavoring to be all things to all clients. The firm is recognized as a leading law firm in the areas of advanced media; bankruptcy, restructuring and creditors' rights; business litigation; energy; entertainment; finance; intellectual property; mergers and acquisitions; real estate; securities; technology; and tax and wealth services. Loeb & Loeb has five domestic offices in Los Angeles, New York, Chicago, Nashville and Washington, DC, as well as a representative office in Beijing serving a rapidly growing number of Asian clients.