Patrick C. Sargent
Partner
Pat's practice focuses on structured finance, corporate securities and business transactions, including extensive experience in securitization of diverse asset types, collateralized mortgage obligations, pass-through certificates, bond financings and various project and international finance transactions. He has represented a national credit rating agency in commercial mortgage and asset-backed securitizations, and also represents issuers, underwriters, investors and servicers in public and private structured finance transactions and other debt and equity transactions.
In addition, Pat's finance practice includes merger and acquisition transactions as well as general corporate, partnership and joint venture representation.
Representative Experience
- Represented public company in $1.9 billion term and revolver financing in connection with acquisition of publicly traded independent refiner and marketer
- Represented Fortune 100 company in commercial mortgage lease-backed securitization of its corporate headquarters
- Structured first cross-border credit tenant lease securitization based on Mexican credit
- Represented issuer in a consumer receivable master trust combined term and revolving credit facility securitization
- Represented the acquiror in a combined merger and structured finance purchase of multiple restaurant chains
- Represented subprime auto lender in securitization of its residuals from multiple term securitizations
Publications
- CMBS 2.0: An Overview of Changes and Challenges, Real Estate Finance (December 2011)
- Model Representations and Warranties and Dispute Resolution in CMBS 2.0; Rule 17g-7 (September 23, 2011)
- Massachusetts Supreme Court Upholds Securitization Conveyance Practices Relating to Assignments of Mortgages (January 11, 2011)
- 2010: The Start of a Bumpy Recovery for CMBS, (pdf) PREA Quarterly (Winter 2010)
- General Growth Properties Bankruptcy: SPE Structure Survives, but Consideration of Corporate Group Permitted, Real Estate Finance (October 2009)
- Impact of the Obama Administration’s Financial Regulatory Overhaul on the Securitization Markets (September 8, 2009)
- Round 2 of General Growth Properties Bankruptcy: Motions to Dismiss SPE Bankruptcies Denied, No Bad Faith, Corporate Group Considered (August 27, 2009)
- Round 1 of General Growth Properties Bankruptcy: SPE Structure Survives (June 24, 2009)
- Ups and Downs for Legacy CMBS: TALF Expands, but S&P Signals Downgrades (May 29, 2009)
- Treasury Expands Opportunities for Fund Managers in the Legacy Securities Program (April 13, 2009)
- Treasury Announces Public-Private Investment Program (March 30, 2009)
- Third Circuit Reverses Owens Corning: Substantive Consolidation as a Shield, Not a Sword, Real Estate Finance, Volume 22, No. 4 (December 2005)
- Structural and Legal Issues in Commercial Mortgage Securitization Transactions, Corporate Counsel Review (November 1, 2004)
- Adapting Tenancy-in-Common Structures to SPE Requirements (January 31, 2000)
- In Re Kingston Square Associates: Questioning Independent Director Provisions (November 30, 1997)
- Commercial Mortgage Securitization, International Asset Securitisation, Lloyds of London Press (1995)
- The Rating of Commercial Mortgage-Backed Securities, Duff & Phelps Credit Rating Co. (1994)
- Bankruptcy Remote Finance Subsidiaries: The Substantive Consolidation Issue, 44 Business Lawyer 1223 (1989)
In The News
- "Up Close with CRE Finance Council's Sargent," GlobeSt.com (March 28, 2010)
- Please click here to view "Q&A with Patrick C. Sargent - President, Commercial Real Estate Finance Council [formerly, Commercial Mortgage Securities Association]," Scotsman Guide (November 2009)
- Please click here to see Pat's interview on CNBC's "Squawk Box"
- Pat was quoted in The New York Times article titled "For Commercial Real Estate, Hard Times Have Just Begun" (September 1, 2009)
Events
- Mid-Year Real Estate Investment Roundtable (June 22, 2010)
- Trigild Lender Conference (October 22, 2009)
- State of the Industry Webcast: Commercial Real Estate Finance Council [formerly, Commercial Mortgage Securities Association] (July 21, 2009)
- Mid-Year Real Estate Investment Roundtable (June 17, 2009)
- Dealing with Businesses in Distress: Minimizing Risks and Maximizing Opportunities (June 2, 2009)
- Presenter, "Government, TARP and TALF," Incisive Media's RealShare Distressed Assets Conference (September 15, 2009)
- Mortgage Bankers Association Capital Markets Conferences (2006, 2008)
- Commercial Securitization for Real Estate Lawyers: ALI-ABA (2006, 2008)
- Structural and Legal Considerations in Commercial Mortgage Securitizations, Duff & Phelps Credit Rating Co. National and Regional Conferences on Structured Finance
- Securitización de Activos: La Experencia Práctica de Estados Unidos y América Latina, Securitización Avances y Perspectivas, Universidad Católica de Chile, Santiago, Chile
Professional Recognition
- 2012 Lawyer of the Year in Securitization and Structured Finance Law in Dallas, Best Lawyers (2012)
- The Best Lawyers in America, Structured Finance Law (2006-2012)
- Texas Super Lawyer, Texas Monthly (2004, 2005, 2009, 2010, 2011)
