Kahn D. Hobbs 

Partner – Charlotte
T.+1 704 348 5376
kahn.hobbs@cwt.com
650 South Tryon Street
Charlotte, NC 28202 V-CARD

Kahn Hobbs advises issuers, underwriters, mortgage loan sellers, retaining sponsors and servicers on structured finance transactions, with a focus on commercial mortgage-backed securitizations, re-securitizations, and credit risk transfer structures. He supports clients across a wide range of CMBS formats, including single-asset/single-borrower transactions and pooled conduit transactions and also advises on regulatory compliance matters related to securitizations, including Regulation RR and Exchange Act Rule 15Ga-1.  His work also includes advising on the participation and sale of mortgage and mezzanine loans, as well as advising on the origination and structuring of related arrangements.  His work spans public and private-label CMBS transactions collateralized by diverse property types, including data center, multifamily, office, retail, hospitality, assisted living, and skilled nursing properties.

Kahn also represents issuers, structuring agents, and investors in structured financial products referencing commercial real estate assets, including synthetic securitizations, credit-linked notes, credit default swaps, and other credit risk transfer transactions.

Drawing on experience across performing and distressed scenarios, Kahn advises on workouts and restructurings of non-performing commercial mortgage loans in CMBS transactions and distressed asset sales. He brings detailed knowledge of transaction documentation across the full suite of securitization instruments, including offering documents, pooling and servicing agreements, co-lender agreements, and participation agreements.

Prior to private practice, Kahn served as Director of Treasury and Financial Analysis at Safety-Kleen Corp, giving him a practical foundation in the operations of fixed income securities and financing markets and in corporate finance that informs his approach to complex structured finance transactions.

Recognition

  • The Best Lawyers in America – Securitization and Structured Finance Law (2023)
  • Advising the U.S. based affiliate of a European bank in the formation of a U.S. based CMBS depositor and filing an SF-3 shelf registration statement for CMBS issuance.

  • Advising the issuer and loan seller on a private CMBS transaction backed by of a pool of seasoned multi-family mortgage loans.
  • Advising the placement agent in a capital relief trade for a regional U.S. bank structured as a cash securitization of a pool of skilled nursing, assisted living and independent living properties.
  • Advising the structuring agent in a capital relief trade for a regional U.S. bank structured as a credit default swap based upon a referenced portfolio comprised of a pool of healthcare facilities.
  • Advising a mortgage loan seller in its preparation of responses to repurchase request demand letters related to representations and warranties made in CMBS transactions.
  • Advising a special servicer on the negotiating of a loan modification and an assignment and assumption of a securitized US$120M loan secured by an office property in Charlotte, North Carolina.
  • Advising the issuer and loan seller on a SASB securitization backed by a Hawaiian resort property.
  • Advising the issuer, loan seller and initial purchaser on a SASB securitization backed by a pool of waterpark hospitality properties.
  • Advising a national bank on its initial participation as a loan seller into a CMBS SASB transaction.
  • Advising a U.S. branch of a Canadian bank on its initial participation as a loan seller in a CMBS SASB transaction.
  • Advising the retaining sponsor in negotiating the credit risk retention structure in numerous public conduit CMBS transactions.
  • Advising the special servicer affiliate of a mortgage loan seller in the negotiation of pooling and servicing agreements and trust and servicing agreements in several public conduit CMBS transactions.
  • Advising a fund affiliate of a private equity firm on its initial participation as a loan seller into a CMBS SASB transaction.
  • Advising the U.S. based affiliate of a European bank in establishing a series trust securitization platform for executing privately negotiated trades with institutional investors.
  • Advising the U.S. based affiliate of a European bank in executing unrated securitizations of commercial real estate assets.
  • Advising a national bank in its initial participation as a sponsor and loan seller in a public conduit CMBS transaction.
  • Advising an issuer and loan seller on a SASB securitization backed by a New York City office property.
  • Advising an issuer and loan seller on its first data-center CMBS SASB securitization.
  • Advising an issuer and loan seller on a CMBS SASB securitization backed by a specialty retail center located in Las Vegas, Nevada.
  • Advising a securities repurchase facility lender on risk retention considerations related to collateral being provided to satisfy margin call provisions.

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Kahn D. Hobbs 

Admissions

  • North Carolina

Education

  • University of South Carolina School of Law
    J.D., 2005, magna cum laude
  • University of South Carolina
    M.B.A., 1995
  • Colorado State University
    B.S., 1991