Focus

Edward T. (Ted) Shipley III

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

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 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.


Education

  • J.D., Wake Forest University School of Law, 2004
  • B.S., Business Administration, University of North Carolina at Chapel Hill, 2000

Admissions

  • North Carolina
  • United States District Court, Middle District of North Carolina

Professional Memberships

  • International Council of Shopping Centers
  • North Carolina Bar Association
  • New Hanover County Bar Association
  • Energy Bar Association

Civic and Community Service

  • New Hanover County Planning Board, Member
  • Leadership Wilmington Class of 2013
  • Carousel Center for Abused Children, Board of Directors
  • Forsyth County Bar Association, Executive Board (2008)
  • Forsyth County Young Lawyers Division, President (2008)

Representative Work

  • 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. 
  • 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 engaged in financing transactions for real estate acquisitions and developments, construction loans, asset-based lending (including equipment, inventory and receivables financing), as well as general working capital finance.

Presentations and Speaking Engagements

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

  • "North Carolina Mineral Rights" (CLE), Land Boundaries and Access Rights, February 8, 2012


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