Myles R. Burstein

Associate
305-375-6140
Area of Focus: CMBS, Real Estate
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.
+ CONTINUE READING MORE ABOUT Myles
My PRACTICES
EXPERIENCE
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
Related Topics