Skip to Content

John F. State is a partner in the firm’s Banking and Financial Services department. He focuses his practice on representing banks and non-bank lenders in complex commercial financing matters including asset-based lending, commercial lending and equipment leasing and finance transactions.

John has over 30 years of experience in commercial finance matters. He routinely handles commercial finance transactions involving transportation equipment (e.g., aircraft, railcars, tractors, and trailers); solar equipment (including transaction involving Internal Revenue Code § 48 tax credits); accounts receivable and inventory financing; working capital lines of credit; lease syndications (including loan and lease portfolio matters); master assignment agreements, servicing agreements, and remarketing agreements; the sale of lease rental streams and residual positions; and, manufacturing and assembly lines, medical high-tech equipment, and other types of equipment.

John has represented clients in all types of equipment leasing and finance transactions across the country. His experience includes designing complete documentation sets, systems, and processes to support commercial middle-market and small-ticket leasing platforms; structuring, negotiating and documenting single-investor, leveraged, vendor and international lease finance transactions; and structuring, negotiating and documenting equipment lease and loan portfolio sales and acquisitions and syndication transactions. John has extensive experience in virtually every type and size transaction, including tax leases, non-tax leases, sale-leaseback transactions, terminal rent adjustment clause (TRAC) and modified-TRAC leases, 1031 like-kind-exchange transactions, and international leases.

Practice Areas

Industries

Admissions

  • New York

Education

  • J.D., Fordham University School of Law, 1989
  • B.A., Fordham University, 1986

Representative Experience

  • Represented lender in $7.3 million asset-based financings for food processor and distributor.
  • Represented lender in $4 million asset-based financings for manufacturer.
  • Represented lender in $16.25 million asset-based financings for manufacturer.
  • Represented lender in $25 million asset-based financing for manufacturer.
  • Represented lender in $4.5 million asset-based financing for publishing company.
  • Represented lender in $12.2 million refinancing of hydro-electric power facility.
  • Represented lender in $2.1 million refinancing of hydro-electric power facility.
  • Represented lender in $14.5 million financing of portfolio of natural gas fueling stations.
  • Represented finance lessor in $3 million acquisition financing of hydro-electric power facilities.
  • Represented lender in $32 million financing of health insurance company.
  • Represented lender in $6 million aggregate financing of helicopter transportation company.
  • Represented equity investor/lessor in $900,000 lease financing of solar facility to solar developer.
  • Represented equity investor/lessor in $3.3 million lease financing of solar facility to private manufacturer.
  • Represented equity investor/lessor in $1 million aggregate lease financing of solar facility to solar developer.
  • Represented equity investor/lessor in $125,000 aggregate lease financing of hydrogen fuel cells to national retailer.
  • Represented equity investor/lessor in $2.25 million lease financing of solar facility to mall developer.
  • Represented equity investor/lessor in $13 million lease financing of solar facility to solar developer.
  • Represented equity investor/lessor in $5.1 million aggregate lease financing of hydrogen fuel cells to national retailer.
  • Represented lender in $39 million financing of aircraft operating company.
  • Represented lenders in numerous multi-million-dollar aircraft acquisition financings.