Practice Area

Commercial Mortgage Securitization

Clear, precise legal counsel for originators and investors navigating the structural complexities of the CMBS market.

Strategic Counsel

Navigating the Complexities of the Secondary Market

Commercial Mortgage-Backed Securities (CMBS) transactions involve a strict web of moving parts, unforgiving regulatory guidelines, and multiple demanding stakeholders. At Barzellone Law, we help loan originators cut through the complexity. We know exactly what rating agencies, underwriters, and B-piece buyers are looking for, ensuring your loans are properly structured from day one.

Whether you are originating a loan intended for securitization or dealing with post-closing servicing issues, we provide practical, decisive advice to keep the deal on track. We handle the intense documentation and compliance requirements of the secondary market so you can execute your capital strategy with confidence.

Financial and legal professionals reviewing CMBS transaction documents

CMBS Expertise

Structuring for the Secondary Market

CMBS Origination

We draft and negotiate conduit loan documents, ensuring every covenant, cash management provision, and entity structure aligns perfectly with current rating agency standards.

REMIC Compliance

We navigate the strict tax regulations required to maintain Real Estate Mortgage Investment Conduit (REMIC) status, protecting the trust from adverse tax consequences and penalties.

Opinion Letters

We deliver the highly specialized legal opinions required for securitization funding, including detailed enforceability and substantive non-consolidation opinion letters.

PSA & Servicing

We provide legal counsel regarding Pooling and Servicing Agreements (PSAs), guiding originators, master servicers, and special servicers through post-closing modifications and assumptions.

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Ready to securitize your commercial portfolio?

Let’s discuss how Barzellone Law can structure your loans for the secondary market.

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