While Moody’s estimates that new CMBS volume will grow significantly in 2011, outstanding CMBS as of October 2010 exceeds $625 billion. Often, the mortgage loans held through CMBS require consent for various transfers of property or upper-tier ownership interests.
Please join Mayer Brown attorneys Robert Gordon and Scott Buser for our next 30-minute teleconference in which they will provide perspectives and lessons learned on obtaining CMBS servicer consents for transfers in a 2010 complex recapitalization transaction including the following:
- What is the scope and depth of work involved?
- How long should the process take?
- How should the work be allocated between consultants and lawyers?
- How does effective management optimize the chances for a "clean" consent?
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.