transcript   Transcript

Creating the Securitized Asset

Recorded on: Feb. 7, 2017
Running Time: 01:15:39

Full Transcript:

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Taken from the Web Program CMBS and the Real Estate Lawyer 2017: Lender and Borrower Issues in the Capital Market recorded February, 2017 in New York.

Creating the Securitized Asset [01:15:39]

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?
  • What does Risk Retention mean to borrowers and CMBS investors
  • SPEs and Nonrecourse Carveouts
  • REMIC limitations on negotiation
  • Closing Opinion reliance

Speakers: David W. Forti, Steven G. Horowitz, Paul A. Keenan, Stephanie Petosa, Daniel B. Rubock

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Collateral Quality Stable as CRE Credit Cycle Enters Late Innings (December 1, 2016)
    Daniel B. Rubock
  • Credit Neutral Servicing Agreements Exclude Borrower-Related Parties from Exercising Servicing and Control Rights (January 7, 2016)
    Daniel B. Rubock
  • Solving the Mortgage Tax Barrier to Defeasance in New York (2000)
    Joseph Philip Forte
  • Capital Markets Mortgage: A Ratable Model for Main Street and Wall Street (1996)
    Joseph Philip Forte
  • Loan Closing Legal Opinions and Rating Agencies: Disclosure Not Reliance
    William B. Dunn, Joseph Philip Forte
  • Letters to Investment Groups (November 16, 2015)
    Joseph Philip Forte
  • Criteria for Analyzing Multiborrower U.S. and Canadian Commercial Mortgage Transactions (July 1, 2016)
    Stephanie Petosa
  • CMBS Originators Matter V: Loss in the Eye of the Beholder (May 31, 2016)
    Stephanie Petosa

Presentation Material

  • Creating the Securitized Asset: Key Post Crisis Issues for Special Purpose Entities and Non-Recourse Carve-outs _Power Point
    Steven G. Horowitz
David W Forti ~ Dechert LLP
Steven G Horowitz ~ Cleary Gottlieb Steen & Hamilton LLP
Paul A Keenan ~ Kelley Drye Warren LLP
Stephanie Petosa ~ Managing Director, Structured Finance, Fitch Ratings
Daniel B Rubock ~ Senior Vice President, Moody's Investors Service, Inc.
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