transcript   Transcript

Creating the Mortgage Loan for Securitization

Recorded on: Feb. 6, 2018
Running Time: 01:59:36

Full Transcript:



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Taken from the Web Program CMBS and the Real Estate Lawyer 2018: Lender and Borrower Issues in the Capital Market held February 2018 in New York

Creating the Mortgage Loan for Securitization [01:59:36]

  • Representing Lenders, Borrowers and Guarantors in Conduit and Large Loan Transactions
  • New Players and Participants in CMBS
  • What is market? What is not? What is new? 
  • SPEs and Nonrecourse Carveouts
  • Non-consolidation Opinions
  • REMIC limitations on negotiation
  • Hard and Springing Cash Management
  • Credit Rating Agency Issues
  • Closing Opinions and reliance

Michael D. Hamilton, Stephanie Petosa, Ana E. Rosu, Daniel B. Rubock, Erin E. Stafford


The purchase price of this Web Program segment includes the following articles from the Course Handbook available online:

  • CMBS Lending in the New Era of Credit Risk Retention
    Joseph Philip Forte
  • Model Representations and Warranties Proposed by Commercial Real Estate Finance Council
    Joseph Philip Forte
  • Rating North American CMBS Interest-Only Certificates (March 2017)
    Erin E. Stafford
  • North American Single-Asset/Single-Borrower Methodology (March 2017)
    Erin E. Stafford
  • North American CMBS Multi-borrower Rating Methodology (March 2017)
    Erin E. Stafford
  • U.S. and Canadian Multiborrower CMBS Rating Criteria (May 24, 2017)
    Stephanie Petosa
  • Letters to Investment Groups (November 16, 2015)
    Joseph Philip Forte
  • William B. Dunn and Joseph Philip Forte, Loan Closing Legal Opinions and Rating Agencies: Disclosure Not Reliance
    Joseph Philip Forte
  • Scott Sinder and Jason Abel, Steptoe & Johnson LLP, Letter to CRE Finance Council Re: SEC Final Reg AB II Rule (September 3, 2014)
    Joseph Philip Forte

Presentation Material
  • 2017 U.S. CMBS in Review
    Stephanie Petosa
  • Key pillars of loan structural quality are eroding, especially in single-borrower deals
    Daniel B. Rubock
    (s)
    Michael D. Hamilton ~ DLA Piper LLP (US)
    Stephanie Petosa ~ Managing Director, Structured Finance, Fitch Ratings
    Ana Rosu Marmann ~ Director, Citigroup Global Markets Inc.
    Daniel B. Rubock ~ Senior Vice President, Moody's Investors Service, Inc.
    Erin E. Stafford ~ Managing Director, DBRS, Inc.
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