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Mark Heimendinger Talks to Orlando Business Journal about Restaurant Revitalization Fund

March 23, 2021

Shareholder Mark Heimendinger, who co-chairs Lowndes' Banking & Finance Group, talked to the Orlando Business Journal about the $28.6 billion Restaurant Revitalization Fund (RRF), which was signed into law by President Joe Biden on March 11 as part of the the American Rescue Plan Act of 2021. The fund provides grants of up to $10 million for businesses, but cannot exceed $5 million for individual physical locations.

Heimendinger commented that the grant is "very similar to the PPP [Paycheck Protection Program]," except that the fund is limited to privately owned restaurants, bars, taverns, food trucks, caterers and others with 20 or fewer locations. 

Read the article: Is Your Orlando Restaurant, Bar or Catering Biz Still Struggling? Here's How to Tap into Restaurant Revitalization Fund. (subscription required)




Mark

Getting the deal done requires flexibility, creativity, and efficiency. Clients and colleagues alike turn to Mark Heimendinger for his years of debt and equity finance experience, particularly in the commercial real estate and other asset-based arenas.


A seasoned pro who has seen the risks and iterations associated with both sides of a deal and all aspects of the capital stack, Mark understands that many contentious legal issues often mask a business concern – one that he likely has faced before. Even with the most complex and challenging negotiations, he is pragmatic, and focused on the client’s commercial goals.

Mark’s clients include issuers, borrowers, lenders, and underwriters. He has negotiated and executed a variety of transaction structures, including term and revolving credit facilities, public bond financings, public and private securitization transactions (including CMBS), mezzanine financing, equipment financing, 144A and Reg. D offerings, repo agreements, syndications, currency and interest rate cap and swap transactions, underwriting agreements, intercreditor agreements, joint ventures, and jurisdiction-specific non-recourse structures. Within the real estate space, Mark has covered multiple asset classes, including hotels and leisure facilities, office towers, senior living facilities, and multi-family residential buildings.

In addition to his Florida practice, Mark has years of both domestic and overseas “AmLaw 100” experience and has completed numerous cross-border transactions, mostly in the Asia Pacific region and in Europe.
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