Cross-disciplinary service and innovative structures
Dechert advises issuers, underwriters, lenders and servicers on a wide variety of complex securitization and structured finance transactions. Our issuer clients include bank and non-bank lenders, private equity funds, asset managers, specialty finance companies and marketplace lenders. We also represent underwriters and placement agents across securitizations of all asset types.
Areas of focus:
- Auto finance and asset-backed securities
- Residential real estate finance and RMBS
- Consumer loans
- Credit card receivables
- Equipment finance
- Fintech, cryptocurrency and blockchain
- Marketplace lending
- Pharmaceutical patent royalties
- Warehouse and repurchase facilities
- Derivatives
With full access to Dechert’s resources in securities, tax, real estate, bankruptcy and other areas of corporate law that can affect the creditworthiness and attractiveness of an offering, we provide efficient, cross-disciplinary service, innovative structures and timely completion of our clients’ transactions, regardless of complexity or market conditions.
Dechert asset finance and securitization lawyers have been at the forefront of securitization since the birth of the industry in the 1980s. Our lawyers have developed expertise across numerous asset classes. We have extensive experience in the prime and subprime auto space working with the industry’s leading borrowers, issuers, lenders, initial purchasers, underwriters, including financing for and securitization of specialized transportation equipment.
Dechert attorneys are market leaders in residential mortgage loan acquisitions, servicing, warehouse financing and residential mortgage-backed securities (RMBS). We represent banks, investment banks, originators, servicers and fund managers in all aspects of residential real estate finance including the purchase and sale of pools of residential mortgage loans and servicing rights, and the short-term financing of assets through warehouse and master repurchase facilities. We represent issuers and underwriters in securitizations involving performing (qualified mortgage (QM) and non-QM) and non-performing mortgage loans, reverse mortgages, “fix and flip” investor loans, second liens, home equity lines of credit (HELOC) and manufactured housing contracts.
With extensive experience in marketplace lending and capital market structures, we guide established and emerging fintech clients as they execute sophisticated structured finance and securitization transactions — helping them comply with regulatory responses and challenges to fintech in the process. Our lawyers know the legal framework and familiar structures employed (144A, Reg D, S1), as well as the key differences as digital and tokenized securities bring new asset types to the markets. Dechert advises clients on the incorporation and use of blockchain in the origination, purchase, sale, servicing and financing of financial assets. We also advise clients on structuring loan programs secured by real estate and cryptocurrencies.
Dechert has a core team of professionals advising on the law, regulation, and practice of the development and execution of commodities and related derivative and structured transactions, products and vehicles. We have a unique perspective on the business and legal issues of primary importance to all market participants. Dechert regularly represents both buy-side and sell-side clients, including commercial and investment banks, in connection with a broad array of equity and fixed-income derivative transactions.
Our most recent industry recognitions include:
- Ranked by Chambers and Partners USA as a leading firm for Capital Markets: Securitization with areas of strength across ABS, CLO, CMBS and CRE CLO transactions.
- Named a "Structured Finance Practice Group of the Year" at the Law360 Practice Groups of the Year Awards.
- Ranked for Structured Finance: Securitization by The Legal 500 US.
- Ranked by IFLR1000 as a leading firm in the United States and the United Kingdom for Structured Finance: Securitization.
- Shortlisted for "ABS Law Firm of the Year" and “RMBS Law Firm of the Year” at the GlobalCapital US Awards.
