• Ann Arbor
    Ann Arbor
    201 S. Division Street
    Suite 400
    Ann Arbor, MI 48104
    T 734-761-3780
  • Cheboygan
    Cheboygan
    229 Court Street
    P.O. Box 405
    Cheboygan, MI 49721
    T 231-627-8000
  • Detroit
    Detroit
    1901 St. Antoine Street
    6th Floor at Ford Field
    Detroit, MI 48226
    T 313-259-7777
  • Troy
    Troy
    201 W. Big Beaver Road
    Suite 500
    Troy, MI 48084
    T 248-743-6000
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competitive drive
 

Daniel J. Canine

Member,Troy

T 248-743-6059F 248-743-6002248-743-6059

competitive drive
Practices & Industries
Education
  • University of Michigan Law School, J.D.
  • Michigan State University, James Madison College, with honors, B.A.
Admissions
  • Michigan
Professional Affiliations
  • State Bar of Michigan
Overview

Mr. Canine concentrates his practice in the structuring, negotiation, documentation, and closing of equipment finance transactions.

He represents banks and equipment finance companies on equipment loan and lease originations, leveraged leases, lease acquisitions, and sales and remarketing of off lease equipment for a variety of assets including mining equipment, aircraft, railcars, machine tooling, and computer systems.

He also represents banks and equipment finance companies in connection with establishing vendor and referral programs and developing standard equipment finance documentation.

Mr. Canine previously worked as in-house counsel for a large international bank and its equipment finance division and continues to provide general counsel services to several equipment finance companies.

He also works on single and multi-bank real estate and other secured financing transactions, receivable purchases, and workout and restructuring transactions.

Mr. Canine is a recipient of the Legal Aid and Defender Association's Pro Bono Service Award. In law school, he participated in the Legal Assistance for Urban Communities Clinic, providing legal and technical assistance to Detroit community-based organizations predominantly involved in the development of affordable public housing.

Honors, Awards, and Recognition
  • Legal Aid and Defender Association, Pro Bono Service Award

 

Representative Matters
Mr. Canine's recent transactions include:
  • $10,000,000 line of credit secured by equipment leases and related assets
  • $16,000,000 operating lease for underground mining equipment
  • $7,300,000 operating lease for above ground mining equipment in Canada
  • $3,500,000 sale of lease receivable
  • $60,000,000 account receivable purchase related to a mine operator in Asia
  • $1,500,000 purchase of lease and related mining equipment
  • $2,500,000 sale lease back for personal aircraft located in Australia
  • $18,000,000 acquisition of an aircraft on lease to a New Zealand based company
  • $5,500,000 sale lease back for machine tooling assets
  • $4,000,000 purchase of lease receivable
  • $7,000,000 loan secured by above ground mining assets
  • $6,300,000 operating lease for railcars

 

Practices & Industries Education
  • University of Michigan Law School, J.D.
  • Michigan State University, James Madison College, with honors, B.A.
Admissions
  • Michigan
Professional Affiliations
  • State Bar of Michigan