Graham Penn, co-leader of the firm’s Global Finance practice, is recognized as a pre-eminent authority on structured finance and securitization, with a particular focus on commercial real estate. Graham has worked in the securitization market since its inception in the UK in the late 1980s, on a wide range of both UK and cross-border transactions involving assets in a variety of jurisdictions.
As the financial landscape has shifted in recent years, Graham has been well-placed to advise clients on restructuring, refinancing, workout, insolvency and enforcement strategies in respect of both balance sheet and securitized loans, primarily those secured on commercial real estate. He has also advised clients on new acquisition and financing structures post-credit crisis, including the first non-bank CMBS transaction and regularly advises clients on the sale and acquisition of performing and non-performing loans (NPLs), including those backed by commercial real estate.
Graham has acted for a wide range of clients, including arrangers, trustees, lenders, originators, servicers/special servicers, investors and rating agencies. Since the onset of the credit crisis, he has increasingly acted for alternate capital providers in relation to real estate acquisitions and financing.