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Myles R. Burstein

Associate
305-375-6140
Area of Focus: CMBS, Real Estate
  • OVERVIEW
  • EXPERIENCE
  • INSIGHTS
  • CREDENTIALS
GET TO KNOW Myles
Myles’ experience in the real estate industry handling commercial mortgage-backed securities began before he became an attorney. He honed a nuanced understanding of the intersection between real estate finance and the law while working at a leading real estate investment and asset management company. His proficiency in handling CMBS originations helps him to efficiently spot issues and develop strategic solutions to the benefit of his clients.

Myles represents lenders in connection with all aspects of commercial mortgage-backed securities and other collateralized loans in the hospitality, retail, and residential real estate industries.
Q & A
What evolving areas of the law do you stay abreast of?
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.
What do your clients value about working with you?
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.
My PRACTICES
CMBS Real Estate Real Estate Finance Finance Hospitality Bankruptcy Retail
EXPERIENCE
EXPERIENCE
$217 Million Refinance of Office Complex

Representation of a private real estate investment fund in the refinancing of a 1.7 million square foot office complex in South Florida and a further modification of the loan to account for the development of a new condominium. The refinancing increased the original loan from $148 million to $217...

EXPERIENCE
$43 Million Sale of Corporate Center

Representation of a private real estate investment fund in the $43 million sale of a corporate center in Doral, Florida. This deal was particularly complex due to issues and delays caused by the COVID-19 pandemic which necessitated a loan modification during the sale process to extend the loan ma...

EXPERIENCE
$30 Million Office Tower Financing

Representation of a private real estate investment fund in the $30 million refinance of a 184,000 square foot office tower in Cerritos, California.

EXPERIENCE
Acquisition and Financing of Industrial Portfolio

Representation of a private real estate investment fund in the $21 million acquisition and $16.25 million financing of a portfolio of four industrial parks located in DeKalb County and Fulton County, Georgia. The properties include over 425,000 square feet of space.

EXPERIENCE
Formation of Funds to Raise up to $4 Billion

Representation of a debt fund and property fund in connection with separate private placement fund offerings of limited partnership interests. Upon completion of the offerings, the funds expect to raise a combined amount of up to $4.0 billion.

EXPERIENCE
Formation of Private Equity Funds Targeting Investor Commitments in Excess of $1...
Representation of real estate fund client in the private placement securities offering of a flagship private equity fund comprised of two separate real estate funds, one focused on debt investments and the other focused on direct residential and commercial investments. The funds' structures include ...
INSIGHTS
CREDENTIALS
  • University of Miami, J.D., 2015
    The George Washington University, B.B.A., Sports Management, 2012
  • CRE Finance Council
    Member
  • Florida
    New Jersey
    New York