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Jim Freis, whose practice emphasizes financing and health care matters, is a member of the Corporate and Securities Practice Group.
Health Care and Financing. Jim has extensive health care, commercial and nonprofit corporate and corporate business experience, including conventional and tax-exempt financing. He has 35 years of experience in the areas of tax-exempt bonds, conventional debt and equity financing. His experience includes extensive contractual and general counsel representation of hospital systems and stand alone hospitals and nursing homes, state and federal subsidized nursing and health care facilities and multifamily and elderly housing. Jim currently represents a multiple hospital system, and other hospitals and skilled intermediate nursing care facilities and is counsel to corporate bodies politic, housing and social service agencies, in addition to financial services institutions, banks and business entities.
Most recently, Jim facilitated a $30 million accounts receivable line of credit for one of New Jersey's major hospital systems. The complicated transaction included the subordination of prior security interest and required consents and approving resolutions from both state and federal agencies to implement the financing. Additionally, he completed a $55 million unsecured conventional revolving line of credit/term loan for a regulated corporation.
Affiliations. Jim is past chairman and a current member of the board of directors of the Banking Law Section of the New Jersey State Bar Association; a member of the National Association of Bond Lawyers, the American Health Lawyers Association, the New York State Bar Association, and the board of directors of the Better Business Bureau; a trustee of the Flame of Charity Foundation; and chair of the Archdiocese of Newark Pension Board. Jim enjoys participating in academic related professional pursuits and is a member of the board of consultors of Villanova University School of Law, as well as a member of the Villanova Law School Development Leadership Council.
Lecturer and Author. Jim has often lectured on legal topics. He participated in such programs as "From Lombard Street to Wall Street: Banking Law and Practice in Evolution and Revolution," NJSBA, London, England; "What Entity Will Your Bank Be?," Somerset, New Jersey; "The Bank of the Future," Puerto Rico; and "Registered Bonds under TEFRA," Princeton, New Jersey; "TEFRA's Progeny: Registered Municipal Bonds," Heritage Bank, N.A., Annual Municipal Seminar; "Resource Recovery: The Challenge of the 80's," sponsored by the New Jersey Board of Public Utilities; "Business Organizations," Meadowlands, New Jersey; "Letters of Credit as a Financing Tool," Atlantic City, New Jersey; "Advance Directives - Surgical Grand Rounds," Hackensack Medical Center, St. Michael's Medical Center; 1995 "Financing of Emerging Companies" sponsored by Connecticut Mutual and Rutgers University Graduate Faculty of Management; and 1997 "Financing Health Care in a Changing Environment" sponsored by Price Waterhouse and Rutgers University Graduate Faculty of Management.
In General. Jim was law secretary to the Hon. Theodore J. Labrecque, Appellate Division, Superior Court of New Jersey. Following his judicial clerkship, Jim served in Europe as a Captain, U.S. Army and received the United States Army Commendation Medal. He is admitted to the New Jersey and New York Bars, the National Association of Bond Lawyers and the American Health Lawyers Association. | 