Albany
99 Washington Avenue
Suite 2020
Albany, NY 12210-2820
ph: 518.788.9407
fx: 518.788.9410
Photo of John F. State

Areas of Practice

Admissions

Education

J.D., Fordham University School of Law, 1989
B.A., Fordham University, 1986

John F. State

Partner

John F. State focuses his practice on representing banks and non-bank lenders on a broad range of complex commercial financing transactions, including asset-based lending, commercial lending and equipment leasing and finance transactions.

John routinely handles commercial finance transactions (loans and tax and non-tax equipment leases) involving: transportation equipment (e.g., aircraft, railcars and tractors and trailers); solar equipment, including transaction involving Internal Revenue Code § 48 tax credits; accounts receivable and inventory financing; working capital lines of credit; lease “syndication”, including loan and lease portfolio matters, master assignment agreements, servicing and remarketing agreements and the sale of lease rental streams and residual positions; and many other types of equipment, such as manufacturing and assembly lines, medical high-tech equipment.

John has over 25 years of experience in the equipment leasing and finance industry. He has handled all types of equipment leasing and finance transactions, including: designing complete documentation sets, systems, and processes to support commercial middle-market and small-ticket leasing platforms; structuring, negotiating, and documenting single-investor, leveraged, vendor and international lease finance transactions; and structuring, negotiating, and documenting equipment lease and loan portfolio sales and acquisitions and syndication transactions.  John has extensive experience in virtually every type and size transaction, including tax leases, non-tax leases, sale-leaseback transactions, TRAC and modified TRAC leases, 1031 LKE transactions and international leases.  

Many clients have come to rely on John for transaction structuring, personalized attention, precise and practical legal advice, and systematic and efficient transaction management. 

Representative Experience:

      • Represented lender on $7,300,000 asset-based financing for food processor and distributor. (New Jersey)
      • Represented lender on $4,000,000 asset-based financing for manufacturer. (South Carolina)
      • Represented lender on $16,250,000 asset-based financing for manufacturer. (Illinois)
      • Represented lender on $25,000,000 asset-based financing for manufacturer. (Massachusetts)
      • Represented lender on $4,500,000 asset-based financing for publishing company. (New York)
      • Represented lender on $12,200,000 refinancing of hydro-electric power facility. (New York)
      • Represented lender on $2,100,000 refinancing of hydro-electric power facility. (New York)
      • Represented lender on $14,500,000 financing of portfolio of natural gas fueling stations. (Various Western States)
      • Represented finance lessor on $3,000,000 acquisition financing of hydro-electric power facilities. (Massachusetts)
      • Represented lender on $32,000,000 financing of Health Insurance Company. (New York)
      • Represented lender on $6,000,000 aggregate financing of helicopter Transportation Company. (New Jersey)
      • Represented equity investor/lessor on $900,000 lease financing of solar facility to solar developer. (Massachusetts)
      • Represented equity investor/lessor on $3,300,000 lease financing of solar facility to private manufacturer. (New Jersey)
      • Represented equity investor/lessor on $1,000,000 aggregate lease financing of solar facility to solar developer. (New York multi site)
      • Represented equity investor/lessor on $125,000 aggregate lease financing of hydrogen fuel cells to national retailer. (Georgia)
      • Represented equity investor/lessor on $2,250,000 lease financing of solar facility to mall developer. (Massachusetts)
      • Represented equity investor/lessor on $13,000,000 lease financing of solar facility to solar developer. (New York)
      • Represented equity investor/lessor on $5,100,000 aggregate lease financing of hydrogen fuel cells to national retailer. (Various Eastern States)
      • Represented lender on $17,500,000 acquisition financing of aircraft.
      • Represented lender on $7,500,000 acquisition financing of aircraft.
      • Represented lender on $5,400,000 acquisition financing of aircraft.
      • Represented lender on $825,000 acquisition financing of aircraft.
      • Represented lender on $2,200,000 acquisition financing of aircraft.
      • Represented lender on $23,400,000 acquisition financing of aircraft.
      • Represented lender on $500,000 acquisition financing of aircraft.
      • Represented lender on $39,000,000 financing of aircraft operating company. (Virginia)
      • Represented lender on $4,100,000 acquisition financing of aircraft.

Professional & Community Activities

  • Former Board Member - Junior Achievement of Northeastern New York, Inc.
  • Former Board Member - Ronald McDonald House Charities of the Capital Region, Inc.