Joyce Shin, a member of the firm’s Structured Finance Practice, advises asset managers, lenders, and borrowers on complex warehouse financings, asset-backed securitizations, and structured credit transactions, with a particular emphasis on fintech originators.
Joyce brings a practical, execution-oriented approach to structuring warehouse facilities and other asset-backed financings for originators and their capital partners. She represents clients across the full lifecycle of structured finance transactions, from initial warehouse facility formation through securitization takeout and portfolio disposition. She brings deep experience in financings secured by a broad range of asset classes relevant to specialty finance platforms, including:
Warehouse facilities and revolving credit structures
Bankruptcy-remote SPV structuring and true sale analysis
Forward flow and whole loan sale programs
Bank partnership arrangements
Asset-backed securitizations
Joyce’s practice spans both borrower-side and lender-side representations, and she regularly advises on transactions involving consumer loans, earned wage advances, buy-now-pay-later receivables, credit card receivables, trade receivables, business loans, and other esoteric asset classes. She also advises on back-leverage and subordinated debt transactions and has experience in structured finance products involving digital assets and oil and gas assets. Joyce has particular depth in the fintech and specialty finance sectors, regularly advising originators, asset managers, and institutional lenders deploying capital across the consumer and commercial lending spectrum.
Experience
Joyce’s experience includes representing:
Harley-Davidson as issuer, seller, originator, and servicer in connection with Harley-Davidson Financial Services’ long-term strategic partnership with KKR and PIMCO, including the sale of more than US$5 billion of existing retail loan receivables at a premium to par
Fund managers in connection with loan purchases and financing facilities related to loans originated on platforms sponsored by Lending Club, SoFi, Freedom Plus, Upstart, Upgrade, and others
Multiple fintech originators, including Ramp, MoneyLion, Octane Lending, Mercury, Dave, and Koalafi, in connection with warehouse facilities and forward-flow arrangements collateralized by consumer loans, credit card receivables, earned wage receivables, and buy-now-pay-later receivables, including advising on SPV structuring, borrowing base mechanics, and eligibility criteria*
Fintech originators in connection with bank partnership arrangements for lending and payments programs*
Private credit firms, as warehouse lenders, in connection with warehouse facilities with a roll-up platform and a fintech originator*
A leading asset manager in connection with back-leverage facilities for its direct lending platforms*
A fund manager in connection with its inaugural securitization collateralized by bitcoin — a first-of-its-kind structured finance product backed by digital assets
An asset manager in connection with multiple billion-dollar subscription facilities, including its first umbrella subscription facility*
A global investment bank in connection with a first-to-market private ABS offering collateralized by midstream oil and gas assets
*Matter handled prior to joining the firm
Qualifications
Bar Qualification
Illinois
North Carolina
Education
JD, Northwestern University School of Law, 2013 cum laude
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