Overview

Tom represents financial institutions, credit institutions, and other lenders in commercial and agricultural transactions on a daily basis. He leads other attorneys in the firm in handling a broad range of lending matters, including asset-based lending, acquisition financing, real estate lending, project financing, and traditional commercial lending.

He is familiar with the restructure and recovery of complex problem business credits including negotiation, restructuring and re-documenting the credit, litigating loan recovery actions, representing clients in bankruptcy proceedings, and defending lender liability claims. As needed, he works closely with litigation attorneys who can effectively defend clients in the most appropriate venue.

Tom was described by a client in Chambers USA 2018 as “an exceptionally good real estate transactional lawyer who is responsive and can solve challenging issues with a very practical approach.” Throughout his career, he has sharpened this reputation as a dealmaker and negotiator who is on speed dial for clients in Iowa and across the country. He was also rated AV Preeminent by Martindale-Hubbell, selected for inclusion in Best Lawyers in America in Corporate/Mergers & Acquisitions: Banking & Finance (2012-2018) and Bankruptcy and Credit Debtor Rights/Insolvency and Reorganization Law (2012-2018), and ranked on Great Plains Super Lawyers for Business/Corp (2015-2016).

Tom and his wife Peg are very active in the Des Moines community, participating in philanthropic activities such as the Greater Des Moines Committee, UnityPoint Health Foundation, and others.

Notable Work:

  • Tom represented a lender group in a $45 million dollar construction and permanent financing transaction in which Whitfield & Eddy’s clients provided the financing for two large warehouse properties in Des Moines.
  • Tom represented the lender in a $20 million dollar bond funding transaction for a rural county hospital in Iowa for extensive renovations and improvements.
  • Tom has represented secured lenders in the refinancing of over $125 million dollars in commercial real estate loans for various commercial properties throughout the state of Iowa in calendar year 2017 alone.

Experience

Experience

  • Member Attorney, Whitfield & Eddy, P.L.C., 1987—present
  • Associate Attorney, Whitfield & Eddy, P.L.C., 1983—1987

Activities and Affiliations

  • American Bankruptcy Institute
  • American Bar Association (Sections: Business Law)
  • Federal Bar Association (Past Co-Chair: Iowa Chapter Annual Bankruptcy Seminar Committee)
  • Iowa State Bar Association (Past Member: Legislative Law Subcommittee of Agricultural Law Committee; Past Chair: Practice Group Subcommittee of Commercial & Bankruptcy Law Committee; Sections: Business Law; Commercial & Bankruptcy Law; Real Estate & Title Law)
  • Phi Delta Phi International Legal Fraternity
  • Polk County Bar Association

Seminars

  • Iowa State Bar Association Federal Practice Seminar, December 2017
  • American Bar Association Business Law Section Annual Meeting, September 2017

News & Events

Honors & Recognitions

Honors & Recognitions

  • AV Preeminent Judicial Edition rating by Martindale-Hubbell
  • Selected for inclusion in Chambers USA: America’s Leading Lawyers for Business as a Leading Lawyer in Corporate/Mergers & Acquisitions: Banking & Finance (2012—2018)
  • Selected for inclusion in the Best Lawyers in America as a top-ranked attorney in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2012—2018)
  • Selected for inclusion in Great Plains Super Lawyers in the area of Business/Corp (2015—2016)

Education

University of Iowa College of Law, J.D., 1980, with distinction

  • Moot Court Board, 1979-1980

University of Iowa, B.A., 1977, with honors

Admissions

  • U.S. District Court - Northern District of Iowa - Bankruptcy
    U.S. District Court - Southern District of Iowa - Bankruptcy
    U.S. Court of Appeals - Eighth Circuit
    Iowa
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