Mark D. Cress

Mark D. Cress

Springfield, MA recognized lawyers icon Recognized in Best Lawyers since 2003
Bulkley Richardson and Gelinas LLP

12 Best Lawyers awards

Bulkley Richardson and Gelinas LLP logo

Awarded Practice Areas

Banking and Finance Law Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Corporate Law

Biography

Mark Cress is a member of the firm’s Executive Committee, leads the Banking, Finance and Bankruptcy practice group, and co-leads the Health Care practice group.

Mark has significant experience and possesses a broad range of knowledge and skills in representing banks and other financial institutions, for profit and not-for-profit entities and individual clients in connection with all forms of financing and business transactions. He also represents parties in creditor-debtor relationships and appears on behalf of creditor parties in proceedings before the United States Bankruptcy Court.

His experience includes representing lenders, including banks and other credit facility providers, and borrowers, including health care and educational institutions and other not-for-profit entities in connection with publicly offered and privately placed tax-exempt bonds issued through the Massachusetts Development Finance Agency. He also has substantial experience in representing lenders and borrowers in connection with real estate and asset based secured financing transactions, and financing transactions involving the federal New Markets Tax Credit (NMTC) and Low Income Housing Tax Credit (LIHTC) programs. In addition, Mark represents banks and other financial institutions and debtor parties in connection with loan workouts, mortgage and other business asset foreclosures, bankruptcy and other insolvency proceedings. He also regularly represents private closely held businesses, including health care and other professional service practices, in providing advice and assistance in the areas of business organization, choice of entity, legal structure, governance, financing and other commercial transactions involving real estate, stock and asset acquisitions and divestitures, and commercial leasing transactions.

Bulkley Richardson and Gelinas LLP

12 Best Lawyers awards

Bulkley Richardson and Gelinas LLP logo

Overview

  • Northeastern University, J.D., graduated 1988
  • Bucknell University, A.B., graduated 1980

  • Massachusetts, Massachusetts Bar Association

  • American Bankruptcy Institute - Member
  • American Bar Association (and Commercial Law Section) - Member
  • Hampden County Bar Association (and Bankruptcy Section) - Member
  • Massachusetts Bar Association - Member
  • Massachusetts, Massachusetts Bar Association
  • American Bankruptcy Institute - Member
  • American Bar Association (and Commercial Law Section) - Member
  • Hampden County Bar Association (and Bankruptcy Section) - Member
  • Massachusetts Bar Association - Member
  • Northeastern University, J.D., graduated 1988
  • Bucknell University, A.B., graduated 1980

Client Testimonials

Awards & Focus

Lawyer of the Year Badge - 2023 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Lawyer of the Year Badge - 2022 - Corporate Law
Named "Lawyer of the Year" by Best Lawyers® for:
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Springfield, MA (2023)
  • Corporate Law, Springfield, MA (2022)
Recognized in The Best Lawyers in America® 2026 for work in:
  • Banking and Finance Law
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Corporate Law
Additional Areas of Practice:
  • Health Care Law
  • Litigation - Bankruptcy
  • Real Estate Law
Special Focus:
  • Acquisition Finance
  • Bankruptcy
  • Chapter 11
  • Commercial
  • Corporate Finance
  • Creditor Committees
  • Creditors' Rights
  • Debtors' Rights
  • Finance
  • General Corporate
  • Health Care
  • Mergers & Acquisitions
  • Out-of-Court Workouts
  • Project Finance
  • Public Finance
  • Public Finance
  • Restructurings
  • Secured Transactions
  • Tax-Exempt Finance
  • Workouts and Restructurings
Awards:
  • Named in Super Lawyers multiple years

Case History

Cases
  • Chapter 11 Bankruptcy Sale Acquisition
Represented private equity firm and its joint venture partner as a debtor-in-possession lender and subsequent purchaser of a high technology defense related company out of a Chapter 11 bankruptcy proceeding.
  • Expert Witness Article 9 Uniform Commercial Code
Served as an expert witness in a state court trial with respect to issues concerning the duty of counsel to a secured creditor to file continuation statements under Article 9 of the Uniform Commercial Code.
Transactions
  • Financing Transaction
Represented major medical center in connection with a series of financing and refinancing transactions totaling approximately $300 million used to fund a new hospital addition that included publicly offered tax-exempt variable rate demand bonds (VRDBs) with a letter of credit liquidity facility, intermediate put bonds and long-term fixed rate bonds, interest rate swaps, NMTC financing with multiple Community Development Entities (CDEs), investors and investment funds, a multi-member Qualified Active Low Income Community Business (QALICB), and multiple leverage lenders including an affiliate of the QALICB.
  • Loan Workout Pre-Packaged Chapter 11 Sale
Represented a development sponsor of a continuing care retirement community (CCRC) in connection with a workout of the tax-exempt bond financed facility involving a pre-bankruptcy operating bridge loan and subsequent sale of facility to third party purchaser in the context of a pre-packaged Chapter 11 bankruptcy proceeding.
  • Ground Lease for Casino Gaming Development
Represented 501(c)(3) nonprofit organization land owner in structuring, drafting and negotiating a ground lease option and ground lease in connection with a proposed $700 to $800 million casino gaming and other commercial development. operation

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