Michael (Mike) attended Oklahoma State University for his undergraduate work to get his BBA in finance in 1986, when he was named the Outstanding Senior in the College of Business, and then turned to the University of Oklahoma for law school, earning his JD in 1989.
After graduation, Mike joined the law practice of Payne and Vendig in Dallas, focusing primarily on litigation in areas of real estate, banking, oil and gas, collecting debts and judgments and real property foreclosures. Other matters of business included representation of savings and loan associations, local, state and regional banks, life insurance company lenders and general real estate. Payne and Vendig eventually merged with Winstead, Sechrest & Minick, which ultimately became Winstead, PC, a firm with which Mike spent his entire career as an attorney until May of 2009. During his career with the Winstead firm, Mike:
- Represented the borrower in structuring $140 million Federal Land Bank Loan (largest ever in Texas) secured by the Brinkmann Ranch, Frisco, Texas.
- Represented the lender in structuring six loans totaling $360 million secured by retirement communities in Florida.
- Represented the lenders in numerous hotel loans (many in excess of $50 million, and involving ground leases, cash management agreements, etc.), including loans in Florida and Ohio to entities owned by the George Steinbrenner family.
- Represented the lender in a $46 million loan secured by 33 office/industrial properties in Texas and New Mexico.
- Represented various lenders in syndicated tenant-in-common transactions.
- Represented the lender on initial permanent loan secured by Legacy Town Center, Frisco, Texas.
- Represented the seller of the surface estate of more than 1100 acres in Trophy Club, which involved coordinating with the simultaneous sale and development of the mineral interests and the drilling of more than 30 gas wells on the property.
- Represented the lender in structuring A/B Note splits for securitization.
- Represented six tenants-in-common in sale of property adjacent to Love Field that included defeasance of Seller's existing loan.
- Represented developer of various retail shopping centers in Texas, including Wycliff Plaza.
- Represented lender in origination of loans in excess of $40,000,000 secured by various Texas-based mini-storage warehouses and mixed use retail properties.
- Represented seller of the Richardson Square Shopping Center.
- Represented lender on $80,000,000 loan secured by six mid-rise office buildings in Dallas.
- Represented various lenders in the origination and sale of multifamily loans to Freddie Mac.
Mike has represented commercial mortgage-backed security lenders, regional, state and national banks and life insurance companies on all facets of commercial lending including interim, mezzanine, construction, land and lot development, permanent financing, cash management facilities, defeasance transactions, syndicated loan transactions, ground lease financing, condominium financing, tenant-in-common financing, cross-collateralized/cross defaulted portfolio loan structures, A/B note structures and inter-creditor agreements.
Michael also represented owners, developers, borrowers and investors in land and improved property acquisitions, dispositions management and leasing with real estate development ventures. Several developers used Michael to successfully close deals on retail shopping centers, including Wycliff Plaza.
With troubled asset transactions, he helped lenders and borrowers in loan restructuring transactions, workouts and foreclosures of commercial properties, lender liability litigation and deficiency litigation.
Mike has now joined a new firm, McCathern & Mooty, LP. (Jerry Mooty is the nephew of Jerry Jones.) They are primarily a litigation firm of about 15 lawyers and Mike will head up the transactional and real estate practice group, with particular focus on transactional and real estate work for the Dallas Cowboys and related entities.
Professional associations Michael belongs to include the Commercial Mortgage Securities Association and the Mortgage Bankers Association.
Living in Dallas with his wife, Kristin and their three children, Emily, Adam and Drew, Michael devotes time as a baseball and soccer coach, Sunday school teacher at the Episcopal Church of Incarnation, and is part of the inaugural class of Leadership University Park. He and his family also enjoy their second home on their cattle ranch east of Dallas, where they raise registered Angus beef.