"[I]n commercial real estate securitization-related products (CMBS), Cadwalader is the undisputed leader." - IFLR 1000
Cadwalader is recognized as the dominant issuer's and underwriter's counsel in the CMBS industry. Our attorneys have unparalleled experience in all kinds of commercial real estate structured products garnered from thousands of transactions involving virtually every type of capital markets financing of commercial real estate: all types of securitizations, including traditional, pooled, large and small loan, and single loan securitizations; multi-tier mezzanine loan transactions, B-notes and subordinate participation structures; and commercial paper financings. In addition to issuers and underwriters, we represent credit enhancers, investors, loan sellers and servicers in CMBS transactions.
The most compelling evidence of the scope and depth of our CMBS practice are the statistics compiled by the Commercial Mortgage Alert (CMA), an industry trade publication that tracks law firm participation in offerings of CMBS. Since 1994, when CMA first began tracking law firm participation in public offerings of CMBS, we have ranked at or near the top in issuer and underwriter representations - both in the number of deals closed and the total dollar amount of such deals. In 2020 – and for the 20th consecutive year – Cadwalader ranked first in the “Top Issuer Counsel” category in both the midyear and end-of-year CMA rankings.