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.

Representation

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.

“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

Education
Wake Forest University – JD 1982
UNC at Chapel Hill – BS 1979

Admissions
North Carolina 1982
North Carolina State and Federal Courts

Professional Affiliations

North Carolina Bar Association

Real Estate Section

NC Land Title Association (NCLTA)

Member; Past-Executive Committee Member, Attorney Section Representative

Honors & Awards

AV Preeminent® Peer Review Rated
Martindale-Hubbell®

The Best Lawyers in America®
Real Estate Law 2011-present
Real Estate Lawyer of the Year 2012

Legal Elite
Business North Carolina magazine
2006, 2012-13, 2019

Super Lawyers
NC editions Real Estate 2015-present

For methodology, see www.martindale.com
For methodology, see www.bestlawyers.com
For methodology, see www.businessnc.com
For methodology, see www.superlawyers.com