DAVID K. SOLOW is an associate in the Chicago office. David’s practice focuses on representation of banks, alternative asset funds, asset-backed commercial paper conduits, corporate borrowers and other financial intermediaries in structured finance, asset securitization and secured lending transactions. Financings and acquisitions of consumer receivables, including online marketplace loans (a/k/a peer-to-peer (P2P) loans), student loans and credit card receivables, comprise a significant portion of his practice. David has also been involved in the structuring and formation of several asset-backed commercial paper conduits.
Representative transactions include:
- Warehouse financings involving online marketplace loans, student loans, healthcare receivables, credit card receivables, retail installment sales contracts, auto leases and other assets.
- Securitizations involving online marketplace loans, student loans, home improvement receivables, credit card receivables, retail installment sales contracts, private equity fund investments (CFOs), residential mortgages and shipping containers, as well as whole business securitization.
- Advising several major asset-backed commercial paper conduits on the applicability of and compliance with the covered fund restrictions of the Volcker Rule.
- Representing lenders in variable funding note facilities provided to funds of hedge funds.
- Representing alternative asset manager in secured margin loan facilities.
Prior to joining the firm, David served as a law clerk to the Honorable Mary M. Schroeder of the United States Court of Appeals for the Ninth Circuit.