Seyfarth Shaw, a Chicago-based law firm, appointed Peter Korda and Andrew Pearlstein as co-chairs of its structured and real estate finance practice group. The real estate practice group, which encompasses the structured and real estate finance practice group, has been getting beefed up in recent months to meet the demands of the firm's clients in the commercial real estate market, according to a statement from Mark Block, chairman of the real estate group. Pearlstein will be based in Boston, where he will represent banks, financial institutions, businesses, real estate owners and developers involved in complex commercial real estate and financial transactions, including securitizations. Working from the law firm's New York office, Korda's work will also involve securitizations. He will represent lenders, on workouts and restructured transactions.
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Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23