Williams Mullen is pleased to announce the election of Lemuel D. “Uel” Whitsett, V, as partner, effective Feb. 1. Mr. Whitsett leads the firm’s North Carolina Banking and Financial Services practice group and represents a variety of financial institutions including national associations, regional banks, non-traditional lenders, mezzanine lenders, credit unions, life insurance companies, and community banks in a variety of financing transactions.
“Uel is a very talented attorney and one of the young leaders of our firm,” Carolinas Managing Partner David Paulson said. “We’re proud of his accomplishments so far, and we know he will continue to be a great resource for our banking and financial services clients throughout North Carolina.”
Mr. Whitsett’s transactional experience includes construction and permanent real estate loans, asset-based loans, C&I loans, conduit loans, tax-credit transactions, and life-insurance loans. He also has significant experience representing lenders in connection with troubled asset portfolios and loan workouts, and he frequently advises lenders and borrowers in connection with government-insured loan transactions, including loan programs originated under the following government agencies: FHA/HUD, Fannie Mae, Freddie Mac, and the USDA.
Beyond banking and financial services, Mr. Whitsett also helps real estate clients manage, lease, acquire, sell, finance, and develop their real estate portfolios. He has experience in large multifamily development projects, construction projects, acquisitions/divestitures, leasing negotiations and entitlement procurement.
Mr. Whitsett serves as president of the Risk Management Association’s Eastern North Carolina Chapter, and he is a member of the North Carolina Bankers Association, the Wake County Real Property Lawyers Association and the North Carolina and Wake County bar associations. From 2014-2016, he served on the City of Raleigh’s Planning Commission.
He received a Bachelor of Science degree in economics from Appalachian State University. He received a Master of Business Administration degree, summa cum laude, and his Juris Doctor degree, cum laude, from Campbell University