Eric’s practice focuses exclusively on commercial real estate transactions, real estate development issues and lender representation in commercial foreclosure and workout situations and real estate litigation. His experience includes development of large mixed-use commercial projects, and numerous residential neighborhoods and residential and commercial condominium projects. He has extensive experience representing multiple lenders in North Carolina commercial foreclosures, workouts and note sale transactions secured by North Carolina properties. Eric handles all aspects of the real estate development process, from contract negotiation, land acquisition, construction and development financing, restrictive covenants, land planning, subdivision, construction and ultimate sale of property in a wide variety of matters. Eric counsels clients on tactical approaches in real estate matters that ultimately enhance profitability and viability of each respective project.
Borrower and lender representation in a variety of commercial real estate transactions with loan amounts exceeding $50 million
Negotiated and drafted $100 million conditional grant to large aerospace company from a governmental grant provider which included government approvals from state economic regulatory agency
Extensive lender representation for special assets work with emphasis on forbearance, workout and commercial foreclosure transactional work
Handled all aspects of creating multiple condominium project regimes including medical office, shopping center, residential and retail.
Counsel to multiple developers of mixed use projects including land acquisition, construction and development financing, restrictive covenants, easements and related owner-association documents including Raleigh Wakefield commercial development
Previous Legal Experience
Smith Moore Leatherwood LLP, Of Counsel, Commercial Real Estate Group
Eric R. Spence, PLLC
Wyrick Robbins Yates and Ponton, LLP, Partner
Poyner & Spruill, Associate
Wake County Attorneys Office, Assistant County Attorney
Clerkship, former Chief Judge Dupree, Federal District Court