Mark I. Michigan

Mark I. Michigan

Mark Michigan has wide-ranging experience representing borrowers and lenders, issuers, underwriters, and service providers in all types of financing transactions including sovereign debt issues and securitization transactions. He has specific experience in auction rate securities, future flow transactions, domestic and cross border mortgage loan (residential and commercial) warehousing, and securitization programs.

Areas of Concentration

· Sovereign lending

· Bank Lending

· Structured Finance - asset-backed and mortgage-backed securitization

· Real Estate

· General corporate and securities

Significant Representations

· Representation of the Republic of Costa Rica in connection with the Republic's issuance of U.S.$200,000,000 of Notes due 2008.

· Representation of the Republic of Costa Rica in connection with the Republic's issuance of U.S.$250,000,000 of Notes due 2012.

· Representation of the Republic of Costa Rica in connection with the Republic's issuance of U.S.$200,000,000 of Notes due 2013.

· Representation of Deutsche Bank Securities, Inc. as underwriter in connection with the issuance of mortgage-backed securities by a Mexican issuer.

· Representation of Financiera TFC, S.A. as borrower in a 80 million soles credit line facility agreement with Merrill Lynch Credit Products, LLC as lender secured by trade receivables originated in Peru.

· Representation of hedge fund in connection with investments in auction rate securities issued by various municipalities.

· Represented U.S. Education Loan Trust IV, LLC in connection with its issuance of $780 million of floating rate and rate reset senior and subordinate 144A and Regulation S notes backed by a pool of Consolidation, Stafford (subsidized and unsubsidized), PLUS and GradPLUS loans.

· Representation of Golf Auto Receivables Funding, LLC as borrower in connection with a $150 million automobile receivables warehouse facility.

· Representation of WestLB as lender in connection with the establishment of various warehouse facilities to finance residential, commercial and construction mortgage loans.

· Representation of Descap Securities Inc as underwriter in connection with the issuance of approximately $73 million of securities in the first cross-border securitization of Panamanian residential mortgage loans.

· Representation of Yale Mortgage Funding LLC as issuer in connection with the issuance of approximately $106 million of mortgage-backed securities.

· Represented multinational steel trading, production, and distribution group as borrower in unique syndicated commodity finance facility combined with an asset-backed securitization which was recognized as "one of the 15 Best Deals of 2004" by Global Trade Review magazine, the world's leading international trade finance magazine.

· Representation of Structured Asset Mortgage Investments Inc., Structured Asset Mortgage Investments II Inc. and Bear Stearns Asset Backed Securities I, Inc. as depositor and Bear, Stearns & Co. Inc. as underwriter in connection with the issuance of over $9 billion of mortgage-backed bonds.

· Representation of Bear Stearns & Co. Inc. and Chase Securities Inc. as placement agents in connection with the issuance of $325 million of floating rate notes issued by Dreamworks Film I Trust to finance the production costs of live action films of DreamWorks LLC and secured by future receivables from such films.

· Representation of Foundry Film Partners II, LLC as borrower in connection with the termination of an existing facility and Foundry's entry into a $15 million loan facility with U.S. Bank National Association, secured by Foundry's rights in certain theatrical motion pictures.

· Representation of Manage Steel Center SA and Jemappes Steel Center SA as borrowers in connection with the establishment of a revolving secured 25 million Euro loan facility arranged by UFJ Bank.

· Representation of Central American Communications as borrower in connection with the establishment of a $110 million secured syndicated facility arranged by Citibank.

· Representation of Credomatic International Corporation in connection with the issuance of $125 million of floating rate trust certificates, in the first regional future flow securitization in Central America.

· Representation of Raymond James & Associates, Inc. as placement agent in connection with the issuance of $62.5 million of floating rate mortgage-backed notes in first cross-border securitization of mortgage loans originated in, and secured by mortgaged properties located in, Costa Rica.

· Representation of U.S. Education Loan Trust III, LLC as issuer in connection with the issuance of over $340 million of reset rate and auction rate student loan asset-backed notes.

· Representation of U.S. Education Loan Trust II, LLC as issuer in connection with the issuance of over $280 million of auction rate student loan asset-backed notes.

· Representation of U.S. Education Loan Trust I, LLC as issuer in connection with the issuance of over $190 million of auction rate student loan asset-backed notes.

· Representation of Ryder Vehicle Lease Trust in connection with the public offering of $410 million of senior notes backed by truck lease receivables.

· Representation of Ryder Receivable Funding LLC in connection with the establishment of a $375 million trade receivables purchase and sale facility.

· Representation of REII Gaithersburg, LLC in connection with the purchase, lease and $64 million financing of an office building in Gaithersburg, Maryland.

· Representation of Bear Stearns Funding Inc. and Column Financial as lenders in connection with the origination of conduit mortgage loans aggregating in excess of $10 billion.

· Representation of Access America Financial, LLC in connection with the establishment of a $25 million warehouse line of credit and purchase facility for charged-off credit card receivables with Daiwa Consumer Capital Services, LLC.

· Representation of Morgan Stanley & Co. Incorporated as underwriter in connection with the private offering of over $238 million of fixed rate collateralized bonds secured by commercial and multifamily properties.

· Representation of Goldman Sachs & Co. as underwriter in connection with the establishment of a commercial shelf and the initial issuance of over $480 million of mortgage-backed pass through certificates.

· Representation of Lehman Brothers Inc. as underwriter in connection with the public issuance of more than $700 million of real estate mortgage investment conduit pass-through certificates backed by two pools of adjustable and fixed-rate commercial, multifamily and residential mortgage loans and participation interests therein acquired from the Federal Deposit Insurance Corporation.

Awards & Recognition

· Listed, Legal 500 US, 2008 edition

Documents by this lawyer on Martindale.com