Finance & Financial Services

Securitization & Structured Finance

Meet the team
WHY LOCKE LORD

Locke Lord is one of the few firms to represent almost every variety of market participant in the securitization and structured finance space. This enables us to bring to our clients a breadth of perspective and experience second to none in the marketplace. We represent issuers, underwriters, investors, trustees, servicers, master servicers, special servicers, trustees, collateral managers, credit enhancers, purchasers, lenders and rating agencies in securitizations of mortgages, home equity loans, commercial loans, CLOs, student loans and other asset classes, utilizing virtually every tax and cashflow structure and form of credit enhancement, including derivatives. We represent financial institutions, including investment banks, commercial banks, insurance and reinsurance companies, finance companies, hedge funds, private equity funds and other members of the financial industry, as sponsors in deal formation, fiduciaries in deal operation and management and litigants when the need arises.

We represent clients in transactions ancillary to structured financings, such as sales and purchases of whole loans and of servicing rights, terminations and defeasances. We also counsel clients with respect to the legislation and regulation of the financial markets, are featured speakers at industry conferences and are authors of articles on the most topical matters in the industry.

Our lawyers have been involved in thousands of securitizations, structured transactions and related matters. These include:

  • 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.

Assets securitized or financed have included, among others:

  • 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
  • Life insurance settlements and interests in life insurance policies
  • 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
  • Small balance commercial mortgage loans
  • Structured settlements
  • Student loans
  • Synthetic assets
  • Trade receivables
  • Triple net real estate leases

There continues to be significant innovation in the type and variety of structured financings and structured products in the market. We continually advise clients on the requirements and ramifications of the legislative, regulatory and market factors that are influencing the financial industry and affecting the manner in which transactions are structured, closed and conducted.

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Meet the team