Alex Velinsky advises borrowers and lenders on a wide variety of mortgage banking and financing transactions. His particular focus is on structuring and negotiating warehouse financings involving residential and commercial mortgage loans and related assets. Alex is admitted in New York and North Carolina only, and his practice is supervised by DC Bar members.
Alex handles an array of financing transactions for borrowers, lenders, and servicers involving residential and commercial mortgage loans, residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), servicing advances, and servicing rights. In addition to warehouse lines, Alex counsels hedge funds, investment banks, and other financial institutions in structuring and negotiating other transactions involving residential and commercial mortgage loans and asset-backed securities, including loan sales. He also represents investment banks in securitizations of performing and nonperforming reverse mortgage loans.
Alex was initially trained as a bankruptcy lawyer and represented debtor and creditor clients in a wide range of restructuring matters, both in and out of bankruptcy, including in all aspects of Chapter 11 proceedings and distressed mergers and acquisitions.
Develops form repurchase agreements for money-center banks in roll-out of warehouse lending programs
Closed multiple repurchase facilities involving performing and distressed mortgage loans and RMBS
Represents sellers and buyers of prime, alt-a, subprime, and scratch and dent mortgage loans and servicing rights
Represented repo buyers and sellers in connection with repurchase facilities involving performing and nonperforming mortgage loans, small balance commercial mortgage loans, business-purpose residential mortgage loans, and real estate owned (REO) property
Represented initial purchasers in securitizations of performing and no-performing reverse mortgage loans, including home equity conversion mortgages (HECMs) and proprietary jumbo reverse mortgage loans.
Advises sellers and buyers of servicing rights and many types of mortgage loans, including performing, nonperforming, scratch, and dent and early buy-out (EBO) mortgage loans
Columbia Law School, 2009, J.D., Harlan Fiske Stone Scholar