Mayer Brown has been enlisted by Neville Kahn, Nicholas Dargan and Mark Adams from Deloitte and Touche to act for them as joint receivers of the SIV Golden Key, which is currently in receivership. Mayer structured finance partner Stephen Day as well as restructuring partner Ashley Katz are heading the Mayer Brown team. This is the most recent in a string of instructions for Mayer Brown related to SIV establishment and restructuring, according to a release from the law firm. These include Carrera Capital Finance, Rhinebridge, Cheyne Finance and the Master-Liquidity Enhancement Conduit (MLEC), among others.
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Interest will be repaid sequentially. Scheduled principal will be paid based on the scheduled outstanding note balance for the applicable payment period and the note balances.
August 4 -
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
August 4 -
The real-estate investment trust affiliate has been focusing on making more funding available for new loans but also seeks to hold the line on credit quality.
August 4 -
The group is planting a flag for a new structured finance platform and real estate finance team in Miami and is expected to also strengthen Benesch's New York presence with two partners.
August 4 -
Notes are expected to pay coupons of 5.69% on the A1A notes and 5.89% on the A1B notes. Beyond that, the A2 and A3 notes pay coupons of 5.92% and 5.97%, respectively.
August 3 -
The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
August 3







