Susan L. Spence Partner

Susan L. Spence is a transactions partner at Gebhardt & Smith, where she represents commercial lenders for small and middle-market commercial real estate and asset-based loans, both at loan origination and, in the case of troubled loans, in workout.

Her experience includes representing for profit and non-profit lenders financing affordable housing, revitalization area and other private/public partnership projects, involving local, state, federal and private funding sources, financing of continuing care retirement communities, and public financing, including tax-exempt and taxable bonds, for housing projects and various types of health care projects (hospitals, nursing homes and continuing care retirement communities).

Susan earned a J.D. from the University of Baltimore School of Law, where she was Associate Editor of the University of Baltimore Law Review and was awarded the American Jurisprudence Award for Trial Advocacy. Susan earned a B.S. degree in English from Towson University, where she was a Varsity Swimmer. She has continued to swim throughout her career.

• Business
• Financial Transactions

Bar Admissions

• Maryland, 1984

Education

• University of Baltimore School of Law (J.D., cum laude, September 1983)
• Towson University (B.S., 1974)

Professional / Community Affiliations

• Maryland State Bar Association (1984 – present), served as a Member of the Special Joint Committee of the Section of Business Law and the Section of Real Property, Planning and Zoning of the Maryland State Bar Association (U.C.C. Subcommittee) in the preparation of the Maryland State Bar Association’s 2007 Report on Lawyers’ Opinions in Business Transactions, revised 2009
• National Association of Bond Lawyers (1987 – 2024)
• American Bar Association (1984 – 2015)
• Previous Boards and Memberships:
• Member, Board of Directors, Chase Brexton Health Services, Inc.
• Member, Board of Directors, The Glade Property Association, Inc.
• Chair, Board of Trustees of The Mount Saint Agnes Theological Center for Women, Inc.
• Member, Advisory Board, The Franciscan Youth Center

Presentations

Susan previously presented on the topic of Revised Article 9 of the Uniform Commercial Code for The Fiduciary & Risk Management Association, Inc. in Phoenix, Arizona.