John Washburn’s practice is focused on general business and real estate matters and commercial loan work. His practice as a general business counselor involves the formation of business entities, the buying, selling and financing of manufacturing and service enterprises, and the negotiation of various types of commercial agreements, including supply agreements and dealer and distribution agreements, as well as handling Section 16 securities law compliance matters for firm clients.
John’s financial services practice includes the representation of banks, and borrowers, in both secured and unsecured commercial lending transactions. His real estate experience encompasses a variety of transactions including the purchase, sale, construction, financing and leasing of industrial, commercial, mining and residential properties.
John’s experience also includes transactions involving the buying and selling of private aircraft, and the preparation of aircraft leases and time sharing agreements.
John has been named an Illinois Leading Lawyer in the areas of Closely & Privately Held Business, Commercial Real Estate Law, Real Estate Finance and Secured Transactions.
- University of Chicago Law School, J.D., 1976
- Stanford University, B.A., with distinction, Phi Beta Kappa, 1973
- American Bar Association
- Chicago Bar Association
- Former Chairman, Advisory Board, Chicago College of Performing Arts, Roosevelt University
- Chicago Mortgage Attorneys Association
- Illinois State Bar Association
Key Cases or Transactions
- Represented a bank in the documentation of revolving line of credit to multi-borrower group involved in interstate freight transportation secured by accounts receivable and other assets.
- Represented a bank in providing letters of credit to support development bond financings for private educational institutions.
- Represented a bank in initial loan and subsequent loans totaling $5.5 million secured by Florida real estate.
- Represented a bank in establishing a $10 million line of credit for bank customer secured by undeveloped real estate in western United States.
- Documented debtor-in-possession loans in connection with Chapter 11 bankruptcy proceedings.