Sonnenschein Nath & Rosenthal has hired a group of 18 capital markets attorneys led by John Nicholas "Jay" Suhr, Jonathan Nugent and James Tucker, who have joined the firm as partners to open new office in Charlotte, N.C. The team, which comes to Sonnenschein from Kilpatrick Stockton, includes of counsels Linde Carley and J. Keith Jones as well as 13 associates.Suhr, Nugent and Tucker, who will now head Sonnenschein's capital markets practice, are experts in commercial real estate finance and equity investment by traditional and capital markets lenders. Their group focuses in the origination of CMBS loans to aggregate these into pools and subsequently transfer them into REMICs or other trust vehicles. In addition to traditional CMBS finance, the group also does a high volume of tenancy-in-common, floating rate and equity deals.
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Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17 -
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17 -
The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.
April 17 -
The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16