Donna M. Mitchell

Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets.

Ford Credit Floorplan pays a fixed rate to ABS investors, while the dealers' assets pay a rate pegged to the flexible prime rate, so there is the potential of eroding excess spread.

AmWest originated the mortgages and services them, and all the loans included in the pool underwent third-party due diligence reviews by three active firms.

Adam Piekarski, founder, leads initial senior members Kory Klebanoff and Urian Yap, partners, to commit $1.8 billion across the firm's investment strategies.

The deal involves a two-year revolving period, and during that time principal proceeds can be reinvested into newly originated collateral.

Credit enhancement builds over time and includes non-declining overcollateralization at 5.00% of the initial adjusted pool balance, and a reserve fund that represents 0.25%.

Subordination and a reserve account are among the protections on notes supported by subprime loans on primarily used vehicles.

Revenue from 1,449 restaurant locations in 26 states, secured notes from Cajun Global, which primarily, gets its cash flows from top-line royalty payments from the system's franchise locations.

But the 12-month view is different, as a significant portion of those polled see more North American corporate defaults. Commercial real estate seems to have recovered some confidence.

DB Master Finance has a high leverage level, but a high corporate profile and amortization triggers mitigate risks stemming from that.