Widely recognized as an active and innovative attorney in structured finance, Chris Gavin represents issuers, borrowers, sellers, buyers, lenders, official lenders, hedge funds, private equity funds and other investors in U.S. and international structured finance transactions. the footprint and complexity of his financings span North America, South America, Europe, Australia and Africa.
Chris advises clients in a range of cross-border transactions and structured solutions involving residential mortgage transactions, including whole loan sales, servicing transfers, repurchase and other warehouse facilities, and term securitizations for newly originated, seasoned and nonperforming loans; asset-backed securitization and financing transactions; cross-border covered bonds; collateralized commercial paper programs; structured distressed portfolio joint ventures and other solutions; the purchase and sale of residential mortgage and other financial services companies, including in developing structured solutions to protect purchasers from certain exposures of the acquired companies; and structuring investment vehicles that issue extendable commercial paper, including the working out and resolution of such transactions.
Ever the innovator, he has pioneered some of the most novel structured transactions in the industry, including the first revolving fix and flip securitization and the first fix and flip securitization to be structured to comply with the REMIC rules, believed to be the largest-ever securitization pool in the history of private residential fix and flip lending; an innovative capital markets transaction that created a new market for the sales and trading of securities backed by MSRs; the first collateralized commercial paper program for a major global financial institution, the first cross-border covered bond in Latin America, one of the first aggregator residential mortgage securitization programs since the recent financial crisis, and a microfinance lending facility for fund activities in Uganda, Tanzania, and South Sudan.
Chris has earned repeated recognition in the Financial Times’ annual “Innovative Lawyers” feature and consistently appears in the IFLR1000 rankings as a Leading Lawyer for his work in Structured Finance/Securitization and Capital Markets.