What the team is known for
Represents the full range of players in the market including issuers, underwriters and originators. Acts on both domestic and cross-border securitization matters, leveraging its significant international standing. Demonstrates notable strength in real estate financings, such as RMBS transactions and Single Family Rentals, with additional expertise in MSRs. Also stands out for its ability to assist with the securitization of traditional and esoteric ABS.
"They are super responsive, their bench is extremely deep and there are a lot of people who are all very good," says one impressed client, who also reports: "I like the fact that they are commercial and they are not just lawyers, but they understand how transactions work and what motivates them."
Sources say that when it comes to transactions, "they are very good at residential mortgages and related esoteric assets."
Interviewees say: "They are very strong in capital markets and they put the right person on the right job - we are very pleased with them."
Acted for an international manufacturer of medical equipment, including ventilators, in connection with a $100 million trade receivables securitization used to fund increased production of ventilators required during COVID-19.
Represented New Residential Investment as issuer of MSR-collateralized notes valued at $425 million.
Acted for Blackstone Residential Operating Partnership as the sponsor, depositor and issuing entity in a $265 million securitization backed by business-purpose, non-owner-occupied, fully amortizing residential mortgage loans.
Prominent securitization practitioner Erik Klingenberg
advises financial institutions on transactions involving complex esoteric assets and he also boast significant expertise in mortgage-backed securities, especially in the single family rental market.
"His background in bankruptcy law gives him an interesting perspective on esoteric matters that have a bankruptcy risk." "He produces good quality work and he has a strong client following."
' practice is broad, ranging from CLOs to whole business securitizations, making her the leading trustees' counsel in the market.
"Maria does some of the most sophisticated deals." "She thinks about the practicabilities of changes on deals." "She is a go-to trustees' counsel."
regularly advises on RMBS transactions, with key market experience including advising on complex structures, such as non-QM mortgages.
"Scott Swerdloff is a mortgage expert in RMBS who has been in the industry for a while, and he is well liked by in-house counsel; he has a very calm manner, he approaches things very professionally and he is very smart." "He does not get bogged down in things that do not have material effect."
is highly acclaimed for his securitization practice, focusing on public and private mortgage-backed transactions."The king of the industry in that space." "He is a thought leader who is a great advocate for his clients and for the industry."