First Foundation’s $622 Million Securitization of Multifamily Loans

Dechert LLP provided legal counsel for First Foundation Bank (“FFB”), a subsidiary of First Financial Inc., on its securitization of US $622 million of multifamily loans through a Freddie Mac sponsored “Q-deal” securitization.

FFB also agreed to purchase approximately $331 million of the Structured Pass-Through Certificates that were issued in the securitization.

First Foundation Bank offers personal and business banking and trust services. The company was founded in 2007 and is based in Irvine, California with additional offices in Pasadena and La Quinta, California.

The Dechert global finance team advising FFB was led by partner Devin Swaney (Picture), and included associates Matthew Fischer and Stephen Tily.

Involved fees earner: Devin Swaney – Dechert; Matthew Fischer – Dechert; Stephen Tily – Dechert;

Law Firms: Dechert;

Clients: First Foundation Bank Inc.;

Author: Ambrogio Visconti