Maulin Vidwans

Maulin S. Vidwans leads Ballard Spahr’s Commercial Finance Group. He advises national banks, nonbank lenders and institutional capital sources on debt and equity financing transactions, with a practice spanning commercial and real estate finance. His clients also include regional and local financial institutions, finance companies, real estate developers and corporate borrowers. He handles transactions on both a regional and national scale.

Maulin’s commercial finance work covers acquisition financings, leveraged buyouts and roll-up strategies, as well as asset-based and cash flow lending. He handles syndicated credit facilities, mezzanine and subordinated debt, second lien financings and intercreditor arrangements. His practice also includes distressed loan workouts, restructurings and forbearance agreements.

Resort and timeshare financing is a further focus of Maulin’s practice. He guides clients through financing matters across the development life cycle, from acquisition through closing, advising on negotiations, transaction structure, documentation and due diligence.

• Represented lender in complex, multi-party, secured multi-million dollar credit facility to leading construction and engineering firm in which part of the financing proceeds went toward acquiring a strategic competitor
• Represented lead lender in extension of receivables loan facility to timeshare development company. The matter involved more than 50 projects in over 20 states
• Represented lender on construction and receivables loan financing for multi-location deeded interest timeshare projects in five states

• Represented lender in extension of financing to food service franchise businesses involving review of health and safety compliance
• Represented lender group in syndicated financing of coal company involving inventory and receivables financing, real estate and equipment term loan financing, and subordinated financing
• Represented lender group in inventory and receivables-based financing for ventilation company. The matter involved subsequent workout and full payoff after default
• Represented lender group in large syndicated revolving credit and term loan financing extended to aircraft company secured by all assets. The matter included subsequent workout, foreclosure, asset sale and liquidation
• Represented lender in inventory financing for clothing company, including subsequent workout and full payoff after default
• Represented lender on receivables loan financing for multi-location deeded interest timeshare projects in 20 states
• Represented lender in construction, renovation, inventory and multiple receivables financing for a deeded timeshare and golf course project
• Represented lender in multiple receivables financings for contract-for-deed timeshare projects

• Rutgers University (J.D. 1992)
• Villanova University (B.S. 1988)

• Pennsylvania
• New Jersey

Chambers USA, Banking and Finance (Pennsylvania - Philadelphia & Surrounds), 2020-2026

The Best Lawyers in America, Banking and Finance Law (Philadelphia), 2021-2027; Real Estate Law (Philadelphia), 2022-2027

Legal 500, Real Estate - Real Estate Finance, 2025

• American Bar Association
• American Resort Development Association
• Association of Corporate Growth
• Commercial Finance Association
• Pennsylvania Bar Association
• Philadelphia Bar Association
• Secured Finance Network

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