- Structured finance counsel to the acquiror in the negotiation of the timeshare receivables financing and securitization aspects of an acquisition resulting in the largest upper-upscale and luxury timeshare operator, with a transaction value of approximately $3 billion. The transaction was named the largest hospitality M&A deal of 2021 by Dealogic.
- Counsel to the borrower in connection with a $750 million warehouse facility that was one of the first deals in the structured finance industry to leverage ESG-based key performance pricing.
- Counsel to a financial institution in the purchase and sale of a credit card receivables portfolio and certain other securitization assets relating to a $2 billion public credit card securitization program.
- Represented a U.S. finance subsidiary of a global automobile manufacturer in its public auto securitization program and executed 29 public auto securitization transactions totaling $35 billion.
- Represented a senior lender in a $100 million syndicated financing facility of online marketplace consumer loans and credit card receivables.
- Counsel to a publicly traded consumer finance company in its warehouse and 144A securitization program involving hard-secured and soft-secured consumer loans.
- Counsel to a publicly traded timeshare finance company in its warehouse and 144A securitization program involving timeshare receivables.
- Counsel to a global financial technology company in connection with a decline loan approval auto purchase program.
- Represented a senior lender in a credit facility to an online platform secured by personal loans to physicians and dentists.
- Represented a senior lender in a credit facility secured by motorcycle leases.
- Represented a senior lender in a credit facility to a wholly-owned special- purpose subsidiary of the leading provider of residential lease-to-own products for the heating, ventilation, and air conditioning (HVAC) industry.
- Counsel to a finance company in its securitization of retail installment contracts repaid by payroll deduction.
- Represented the lead arranger and administrative agent in a $350 million senior secured floorplan credit facility relating to certain eligible new, used, and rental recreational vehicles.
Partner,
Chair of Structured & Warehouse Finance Team
- Phone: 202.239.3351
- Other Phone: 212.210.9400
- Email: tara.castillo@alston.com
Tara is a seasoned, Chambers-ranked finance attorney who represents originators, issuers, borrowers, lenders, underwriters, and other market participants in structured finance and securitization transactions across a broad spectrum of asset classes. She regularly advises new market entrants in navigating the operational and legal aspects of inaugural warehouse finance and securitization platforms.
- Represented a startup app-based vehicle subscription leasing company in its acquisition and financing of a vehicle lease portfolio originated by one of the first rideshare market competitors, and the establishment of various warehouse credit facilities to finance its consumer and rideshare vehicle subscription lease programs.
- Represented a global alternative asset investment management company in a non-prime auto loan purchase program leveraged by an uncommitted warehouse facility structured to be compliant with the EU risk retention rules.
- Represented a diversified consumer finance company, together with seven of its originator subsidiaries, in an amortizing term loan secured by subprime auto receivables.
- Represented a U.S. finance subsidiary of a global automobile manufacturer in its issuance of medium-term notes in the U.S. and Europe pursuant to its $25 billion program and $11 billion program, respectively.
- Represented a South Korean senior lender in its first U.S. cross-border investment in the form of a $25 million secured loan to a marketplace lender and 10 of its originator subsidiaries.
- Counsel to the leading U.S. provider of packaging solutions for a wide variety of consumer products in its trade receivables and supplier finance programs.
- Counsel to one of the world’s largest chemical companies on the U.S.-related legal aspects of its €1.5 billion multinational trade receivables loan facility.
- Counsel to a major nationally recognized statistical rating organization advising on legal compliance with the Dodd–Frank Act.
- Represented a leading insurance premium finance lender in several financings, including a multibank conduit-funded credit facility secured by insurance premium finance loans.
Tara Eliza Castillo, chair of the Structured & Warehouse Finance Team, is a partner in Alston & Bird’s Finance Group. Tara focuses her practice on warehouse finance, structured finance, securitizations, and other asset-backed transactions. She represents borrowers, issuers, lenders, placement agents, underwriters, and other industry participants across a broad spectrum of asset classes, including auto loans and leases, consumer loans, credit card receivables, floorplan loans, lease-to-own receivables, merchant cash advance loans, online marketplace loans, and timeshare receivables. Tara also advises on the receivables financing aspects of large industry mergers and acquisitions.
Tara is a frequent industry speaker and has served as a guest lecturer at both the Universidad Diego Portales and Universidad de Chile law schools in Santiago, Chile, on securitization and structured finance. She is the author of the chapters “Securitization Readiness Considerations for Consumer Finance Companies,” “Auto Loan Securitizations” and “Timeshare Loan Securitizations” in the treatise Securitization: Legal and Regulatory Issues.
Tara’s work has earned her recognition as a leading securitization lawyer. She is listed in Chambers Global and Chambers USA in Capital Markets: Securitisation, named in the 2019–2022 editions of The Best Lawyers in America© in securitization and structured finance law, and was recognized as one of Law360’s “Top Attorneys Under 40” in capital markets. Tara also serves on the cabinet of the Structured Finance Association’s Women in Securitization.
Bar Admissions
- District of Columbia
- New York
Education
- American University (J.D., 2007)
- New York University (M.A., 2003)
- American University (B.A., 2002)
Memberships
- American Financial Services Association (AFSA)
- Structured Finance Association
- Structured Finance Association Women in Securitization, cabinet
- Ayuda, board of directors
- DC Bar Foundation, Young Lawyers Network, Leadership Council (2012–2016)
- Latina/o Alumni Association of the Washington College of Law, former board member
- Alston & Bird Washington, D.C. Office’s Legal Aid Society of the District of Columbia’s Generous Associates Campaign, co-chair (2010–2013)
- Hispanic National Bar Association
- Hispanic Bar Association of the District of Columbia (HBA-DC)
VIDEOS | JUNE 22, 2018
C-Suite Considerations for Onboarding a Securitization Strategy
Tara Castillo, Finance partner, discusses c-suite considerations for onboarding a securitization strategy.