Capabilities

Loan securitization

Placement Agents

Our attorneys represented the placement agents in Colony American Finance’s securitization of loans secured primarily by single-family rental properties. The securitization is valued at $252 million.

This unique transaction involves a relatively new asset class - a cross between commercial and residential mortgages - and a new structure for the asset class, utilizing a Cayman Islands issuer of secured notes rather than a REMIC pass-through structure.

Colony American Finance is one of the first companies to complete a securitization of loans backed by single-family rental properties. Most previous securitizations of single-family rental properties have involved securitization of a single loan backed by all properties involved in the transaction.

Our attorneys previously advised on the warehouse financing of most of the loans included in this securitization transaction.

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