David Stewart is a partner in the real estate practice of Mayer Brown's New York office. He concentrates his practice on real estate finance matters, with a particular focus on secured lending and loans in the secondary market, including the purchase of CMBS “B” pieces. He has significant experience representing lenders, including banks, finance companies and funds, in a broad range of property finance transactions, including origination of mortgage and mezzanine loans, purchase and sale of the lender’s interest in those loans and division of debt stacks into senior/subordinate structures.
As the leader of the firm's Commercial Real Estate Junior Debt practice, he has personally led or supervised more than 150 mezzanine loan and B note transactions. He also regularly represents clients in the real estate and collateral aspects of commercial mortgage-backed securities offerings, real estate loan restructurings and property-based joint ventures. He also has a particular focus on master repurchase agreements and other structures that allow mortgage finance companies to raise their source capital.