Katrina Llanes

• Represented one of the country’s largest retail mortgage lenders and nonbank retail originators in a $130 million servicer advance facility.
• Represented a mortgage servicer in the financing of excess servicing spread in the acquisition of $600 million of MSRs.
• Representing financial institutions and borrowers in warehouse financings of residential mortgage loans and early buy-out facilities.
• Represented a mortgage servicer in structuring a MSR clearing platform which provides for investment in MSRs.
• Represented a New York City real estate owner and developer in the acquisition of mortgage loans and a $50 million DIP facility.
• Served as counsel to a global investment bank’s securitized products and commercial real estate finance business while on secondment.
• Counsel to an investment bank in the creation of a master trust structure for the financing of Fannie Mae mortgage servicing rights and the related issuance of $450 million of term notes.
• Counsel to an investment bank in the creation of a master trust structure for the financing of Ginnie Mae mortgage servicing rights and the related issuances of up to $650 million of term notes.
• Representing sponsors, placement agents, and investors in private placement issuances of asset-backed notes collateralized by mortgage servicing rights and excess servicing spread.
• Representing placement agents, institutional investors, issuers, and sponsors in private placement offerings of term and revolving asset-backed securities collateralized by servicer advance receivables.
• Representing servicers of mortgage loans in all facets of their business, including acquisitions and sales of servicing rights and loans, and financing servicing advance receivables and servicing rights through structured facilities and traditional credit facilities.

Katrina Llanes represents lenders, underwriters, investors, borrowers, sponsors, and issuers in a variety of corporate finance transactions, including structuring and negotiating warehouse lines, securitization transactions, asset-based finance, structured and secured lending, acquisition finance, and conduit financing arrangements across a broad range of assets. She has experience with agency and private label mortgage servicing rights (MSRs), excess servicing spread, servicing advance receivables, residential and commercial mortgage loans, and participation interests.

On a pro bono basis, Katrina represents women and children seeking immigration relief under the Violence Against Women Act and U-visa petitions. She is a former recipient of the New York Legal Aid Society’s Pro Bono Publico Award for outstanding service to the organization and its clients.

Languages

• Spanish

Bar Admissions

• New York
• New Jersey

Education

• American University (J.D., 2007)
• University of Miami (B.A., 2003)

Memberships