June L. Basden

Director
Phone (336) 478-1122
Fax (336) 478-1113
jlb@crlaw.com
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About

June Basden is both an attorney and a Certified Public Accountant with 40 years of experience in commercial finance and insolvency law. She represents national, regional and community banks, financial institutions and commercial lenders in a variety of finance transactions, with a special focus on commercial lending and creditors’ rights.

June has extensive experience in asset-based lending, factoring, loan workouts and modifications, foreclosures, bankruptcies and commercial real estate transactions. She is a retired fellow of the American College of Commercial Finance Lawyers (ACCFL). June advises parties on commercial and insolvency issues in financing transactions. Her clients have found her strategic counsel especially critical in the current financial landscape as she advocates for ways to achieve the best possible outcome.

Education
  • University of North Carolina at Greensboro, B.S., Summa Cum Laude (1983)
  • University of North Carolina at Chapel Hill, J.D. (1986)

Representative Cases

  • Acted as local counsel in a $40 million credit facility for a manufacturer. Advised on the impact of N.C. laws.
  • Represented a bank in a $5.8 million transaction to refinance two secured lines of credit, as well as a secured term loan.
  • Represented a borrower of a $30 million secured municipal bond facility.
  • Represented a lender in bankruptcy proceedings that involved $4 million in debt secured by liens in real and personal property.
  • Documented a $15 million construction and acquisition loan for a residential housing developer.
  • Represented a bank in a bankruptcy case involving a loan secured by two commercial properties in declining neighborhoods. The bank was paid in full thanks to June’s deep knowledge of commercial transactions and bankruptcy code.
  • Represented a bank in the assumption of debt by a new borrower followed by an amendment and restatement of the loan, which was secured by both real and personal property.
  • Documented a $6.3 million transaction for a term loan for the purchase of real estate, together with a revolving line of credit used to purchase an operating company and provide working capital.

Practice Areas

Banking & Finance Bankruptcy & Creditors’ Rights Commercial Lending & Secured Transactions Commercial Real Estate Lender Liability Real Estate Finance

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