(Birmingham, AL / May 7, 2014) Eric L. Pruitt of Baker Donelson has been named a Fellow of the American College of Mortgage Attorneys (ACMA), a national organization made up of more than 400 attorneys who are leaders in the mortgage industry.
Founded in 1974, ACMA seeks to improve and reform laws affecting real estate secured transactions and to enhance the level of professional responsibility of attorneys in the industry. Fellowship is by membership only. In order to be considered, a qualified attorney must be a distinguished practitioner in the law relating to real estate mortgage transactions and must have distinguished themselves through bar association activities and contributions that advance the profession.
Mr. Pruitt, a shareholder in Baker Donelson's Birmingham office, is a business, real estate and tax lawyer who primarily represents lenders and Commercial Mortgage-Backed Securities (CMBS) special servicers in commercial loan transactions through the country.
Since 2012, Mr. Pruitt has been listed in Alabama Super Lawyers in the area of bankruptcy and creditor/debtor law and in Chambers USA: America's Leading Business Lawyers in the area of bankruptcy/restructuring. He has also been listed in The Best Lawyers in America® since 2013 in the area of bankruptcy and creditor debtor rights/insolvency and reorganization law. Mr. Pruitt serves on the board of directors of the Business Council of Alabama (BCA) and is the vice president of membership for the Alabama Chapter of the Turnaround Management Association. He is also serves on the Board of Trustees for The Alabama Ballet and on the Advisory Board for The Blackburn Institute at the University of Alabama.
Mr. Pruitt has experience in commercial loan restructurings and workouts; health care; hospitality and other project-based financing matters. He also handles commercial bankruptcy cases for creditors and has substantial experience in maximizing value for creditors through loan sales and collateral recovery, including commercial foreclosure, receivership sales and the subsequent disposition of recovered assets (including Real Estate Owned sale transactions and auctions).