Eric’s practice is focused exclusively on commercial real estate transactions, real estate development issues and lender representation in commercial foreclosure and workout situations. His experience includes development of large mixed-use commercial projects, numerous residential neighborhoods and residential and commercial condominium projects.
Eric has extensive experience representing multiple lenders in North Carolina commercial foreclosures, workouts and note sale transactions secured by North Carolina properties. He handles all aspects of the real estate development process including 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.
Represents borrowers, lenders and NC counsel in a variety of commercial real estate and multi-state deals and transactions with loans generally from $10-75 million.
Handle all aspects of creating multiple residential condominium and mixed use projects regimes including medical offices, shopping centers, residential and retail including several recent condominium and townhome projects in downtown Raleigh and downtown Durham.
Lender representation for special assets work with emphasis on forbearance, workout and commercial foreclosure transactional work.
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.
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.
Area of Focus
“Eric Spence’s compassion and demeanor, as well as his exceptional legal expertise, was exemplary in his guidance, negotiating the land sale of our family owned company.”Client comment to Best Law Firms
More About Eric
Education & Admissions
Wake Forest University – JD 1982
UNC at Chapel Hill – BS 1979
North Carolina 1982
US District Courts for Eastern, Middle and Western Districts Courts of North Carolina
North Carolina Bar Association
Real Estate Section
NC Land Title Association (NCLTA)
Member; Past-Executive Committee Member, Attorney Section Representative
Wake County Bar Association
Honors & Awards
AV Preeminent® Peer Review Rated
The Best Lawyers in America®
Real Estate Law 2011-present
Real Estate Lawyer of the Year 2012
Business North Carolina magazine
2006, 2012-13, 2019