Myles R. Burstein

Currently, I am keeping a close eye on the implementation of "Risk Retention Regulations" (required by section 15G of the Securities Exchange Act pursuant to Dodd-Frank). These regulations became applicable to new-issue CMBS starting late in 2016. In a nutshell, these rules are designed to discourage reckless mortgage-backed security lending by requiring the issuer, or major affiliate to hold a 5% part of the securitization for the initial five years of the bond's life. This change has forced major CMBS issuers to scramble in order to determine how to implement risk retention into their programs. As the implementation phase rolls out I remain abreast of the real life impact of these regulations in order to help my clients navigate this new environment.

Clients value my work ethic. An in-depth understanding of the law is vital. However, it must be coupled with a relentless yet sound desire to achieve your client's interests. For me, success has always been underscored by tireless action. I believe my clients know I take their concerns seriously and from inception remain committed to exceeding their expectations.