TitleVest, a Manhattan-based provider of title insurance and related real estate services, hired Michael Birajiclian as managing director of business development.
Birajiclian has held various real estate related positions at investment banks such as Bank of America, Nomura Credit & Capital and Morgan Stanley. He was most recently an attorney in private practice at Stark, Amron & Liner.
During his time at BofA, as a principal in the real estate structured finance group, Birajiclian structured and closed over $4 billion in conduit, leveraged finance and syndicated deals; negotiated participation, intercreditor, pooling and servicing agreements and all related transfer documentation; and headed the team for the Toys 'R Us CMBS deal.
While at Nomura, he managed the loan closing department from the group's inception and worked directly with program counsel in developing Nomura's fixed-rate, floating-rate and large loan form documentation; closed and structured over $3.2 billion of fixed and floating rate conduit loans; and negotiated mortgage loan purchase agreements with third-party correspondents to build origination volume.
As part of the securitized products Group at Morgan Stanley, the new hire worked closely with the trading desk, originating bankers and outside counsel concerning the proper structure of commercial mortgage and franchise mortgage loans.
In his most recent position at Stark, Amron & Liner, a real estate and structured finance practice based in NYC, Birajiclian represented commercial banks and mezzanine funds on loan closings, preferred equity investments, participations, workouts, foreclosures and general commercial litigation proceedings and advised clients regarding distressed debt and workout situations for sub and nonperforming loans focusing on maximizing asset value, among other things.
