Commercial Mortgage-Backed Securities (CMBS)
Navigate complex financing with experienced commercial mortgage-backed securities (CMBS) and conduit attorneys at your side.
Commercial mortgage-backed securities (CMBS) are a major source of commercial real estate financing, with CMBS conduit loans originated for the CMBS financing market filling an important niche in the larger capital markets real estate landscape.
But closing commercial conduit loans isn’t easy. They come with a specialized set of requirements: single purpose, bankruptcy remote entities; lockboxes; structured reserves; non-consolidation opinions; REMIC compliance with the provisions of the Internal Revenue Code applicable to Real Estate Mortgage Investment Conduits (REMICs); and many other nuances that are specific to the commercial mortgage-backed securities market.
With a deep firmwide focus on real estate securitization and our CMBS team’s experience with all types of CMBS loans, Cassin is in a unique position to guide clients successfully through this complicated process.
We represent:
- Large institutional banks, including the commercial real estate finance groups of some of the largest investment banks
- Retail banks
- Mortgage banking and brokerage firms with origination platforms
- Other non-bank CMBS lenders
Our team:
- Regularly closes conduit loans while providing continuous legal service and leadership
- Recognizes that the borrower is our client's client, and their satisfaction with the closing process is important
- Understands and is extremely well versed in the specific criteria and demands of CMBS loans
- Keeps our clients fully apprised of evolving requirements
- Delivers streamlined, effective closings that often result in repeat business for lenders
PRACTICE CHAIR
Michael J. Hurley, Jr.
Managing Partner
- New York, NY
- 212.798.0124
- mhurley@cassinllp.com