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INDUSTRY

Securitization + Structured Finance

Troutman Pepper Locke represents nearly every type of market participant in the securitization and structured finance space. This breadth of perspective and experience is second to none. We represent issuers, underwriters, investors, trustees, servicers, master servicers, special servicers, collateral managers, credit enhancers, purchasers, lenders, and rating agencies in securitizations of various asset classes, including mortgages, home equity loans, commercial loans, CLOs, and student loans. Our experience spans virtually every tax and cashflow structure and form of credit enhancement, including derivatives.

Our clients include financial institutions such as investment banks, commercial banks, insurance and reinsurance companies, finance companies, hedge funds, private equity funds, and other members of the financial industry. We assist them as sponsors in deal formation, fiduciaries in deal operation and management, and litigants when necessary.

We provide legal services in transactions ancillary to structured financings, such as sales and purchases of whole loans and servicing rights, terminations, and defeasances. We also counsel clients on financial market legislation and regulation, and our lawyers are featured speakers at industry conferences and authors of articles on topical industry matters.

Our attorneys have been involved in thousands of securitizations, structured transactions, and related matters, including:

  • Residential mortgage-backed securities (RMBS)
  • Commercial mortgage-backed securities (CMBS)
  • Asset-backed securities (ABS)
  • Insurance-linked securities (ILS)
  • Guaranteed investment contracts
  • Collateralized bond offerings (CBOs)
  • Collateralized loan obligations (CLOs)
  • Collateralized debt obligations (CDOs)
  • Collateralized mortgage obligations (CMOs)
  • Real estate mortgage investment conduits (REMICs)
  • Re-securitizations
  • Credit-linked notes
  • Equity and debt investment funds
  • Energy-related securities

Our corporate trust lawyers work closely with our securitization and structured finance group and have represented trustees in hundreds of CLO and CDO transactions, including restructurings and liquidations.

We have securitized or financed a wide range of assets, including:

  • Aircraft leases
  • Auto loans
  • Catastrophe bonds
  • Closed blocks of life insurance policies
  • Credit card receivables
  • Commercial loans
  • Commercial mortgage loans, including small balance commercial mortgage loans
  • Dealer floor plan receivables
  • Energy assets
  • Equipment leases
  • Foreign check remittances
  • Guaranteed investment contracts
  • Insurance premium finance loans
  • Peer-to-peer/marketplace loans
  • Railcars
  • Residential mortgage loans (conforming, non-conforming, home equity loans, manufactured housing contracts, non-performing loans, re-performing loans, and HELOCs)
  • SBA loans
  • Servicer advances
  • Structured settlements
  • Student loans
  • Synthetic assets
  • Trade receivables
  • Triple net real estate leases

The market continues to see significant innovation in the type and variety of structured financings and products. We advise clients on the requirements and ramifications of legislative, regulatory, and market factors that influence the financial industry and affect how transactions are structured, closed, and conducted.

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