Edward T. (Ted) Shipley III

Associate

T (910) 815-7123
F (910) 815-7212
Overview

As a member of the Real Estate Group, Ted focuses his practice on commercial real estate transactions and real estate finance. He regularly represents lenders in commercial loan transactions and serves the needs of banks and other financial institutions with an emphasis on the "workout" of distressed assets, including SBA loans. He represents developers of office, retail, industrial, and residential projects and his work for clients includes entity formation, the acquisition of raw and improved real estate, preparation of restrictive covenants for planned commercial, residential and mixed-use developments, financing of real estate developments, and the sale and leasing of such developments. Ted's practice involves complex real estate title examinations, including review of mineral and development rights issues.

Responsive and personable, Ted Shipley is driven to provide clients with detailed work on a punctual basis and to save clients from future hassles by getting it right the first time.

Ted serves as a Member of the North Carolina Capital Facilities Finance Agency, which provides tax-exempt bond financing to private educational institutions. Ted also serves as the Chairman of the New Hanover County Planning Board, which advises the County Commissioners on issues concerning land use, urban planning, zoning, and growth management. He is on the Board of Directors for the Carousel Center for Abused Children, an organization committed to assisting victims of child abuse, providing critical care services to children from approximately eight counties throughout southeastern North Carolina. Demonstrating further devotion to his North Carolina community, he is also an avid sports fan of the North Carolina Tar Heels and the Carolina Panthers.

Experience

Representative Work

  • Regularly engaged in financing transactions for real estate acquisitions and developments, construction loans, asset-based lending (including equipment, inventory and receivables financing), SBA lending, as well as general working capital finance.
  • Regularly represents purchasers of single-tenant structures leased to national retailers such as Walgreen's, CVS, and Dollar General and to national fast food restaurant chains.
  • Represented lenders in the amendment of a $57 million loan secured by a major shopping center during condemnation proceedings by the Department of Transportation and a $30 million construction loan financing of multiple assisted care nursing facilities.
  • Regularly represents national and super-regional banks in the negotiation or workout of non-performing loans and other troubled assets through forbearance, note modification, and foreclosure.
  • Represented a private individual in the purchase of a multi-million dollar loan portfolio from a regional bank.
  • Represented a national loan pool in the workout and foreclosure of North Carolina-based assets.
  • Regularly represents national title companies in claims arising under insured deeds of trust and other provisions of title insurance policies, in the disposition of major coastal real estate developments, and in title searches for large commercial real estate projects.


* Past success does not indicate the likelihood of success in any future legal representation.

Thought Leadership

Presentations

Ted offers presentations of current issues in North Carolina mineral rights.

  • "North Carolina Mineral Rights" (CLE), Land Boundaries and Access Rights, February 8, 2012
Community
  • North Carolina Capital Facilities Finance Agency, Member
  • New Hanover County Planning Board, Chairman
  • Wilmington Chamber of Commerce, Board of Directors
  • First Presbyterian Church, Deacon
  • Leadership Wilmington Class of 2013
  • Carousel Center for Abused Children, Board of Directors
  • Wilmington Site Chair, NCBA 4All Service Day (2012, 2013, 2015)
  • Forsyth County Bar Association, Executive Board (2008)
  • Forsyth County Young Lawyers Division, President (2008)
Education
  • Wake Forest University School of Law, J.D., 2004
  • University of North Carolina at Chapel Hill, B.S., Business Administration, 2000
Admissions
  • North Carolina
  • United States District Court, Middle District of North Carolina
Affiliations
  • International Council of Shopping Centers
  • North Carolina Bar Association
  • New Hanover County Bar Association
  • Energy Bar Association
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