Troy Doll

Partner | Corporate

About
Credentials
Experience
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About

Troy Doll is a partner in Pierson Ferdinand’s Corporate Department. He advises lenders, servicers, rating agencies, operating advisors, and other market participants on securitization and structured finance matters, with a primary focus on commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), and the workout and restructuring of securitized and other financial assets. He also counsels lenders on the structuring, negotiation, and documentation of first mortgage loans, mezzanine loans, and subordinate debt.

  • Troy’s clients include real estate lenders originating commercial mortgage loans nationwide; institutional investors; primary, master, and special servicers; operating advisors; loan sellers; and lenders active in CMBS, CLOs, and other structured finance products.

    Troy’s deep understanding of CMBS and CRE CLO transactions is grounded in prior experience developing underwriting and structural criteria for CRE CDOs and nontraditional asset classes and securitizations, as well as in his work at credit-rating agencies developing underwriting standards, managing surveillance, and conducting servicer evaluations. This background enables him to guide clients through the ratings process—from initial loan structuring through post-securitization servicing—efficiently and with an eye toward ratings considerations. He is also well-versed in the distinct issues associated with hotel financings, leased-fee loans, and fractional interest securitizations.


Practices

  • Capital Markets

  • Environmental, Social & Governance (ESG)

  • Franchising

  • Hospitality

  • Opinions

  • Real Estate

  • Securities

Admissions

  • New York

  • New Jersey


Education

  • Columbia University J.D., 1997

  • New York University B.S., 1994


Memberships

  • Fordham University Real Estate Institute, adjunct professor

Law Firm Experience

  • Alston & Bird LLP

  • Carlton Fields, P.A.


Corporate Experience

  • Kroll Bond Rating Agency

  • Realpoint LLC, a Morningstar Company


Representative Experience

  • Representing servicers, operating advisors and originators negotiating CLO and CMBS securitization documents.

  • Drafting and negotiating loan documents for securitizations and balance sheets.

  • Managing servicing matters for clients, including loan modifications, extensions, and leasing matters.

  • Drafting and negotiating intercreditor and co-lender agreements for complex pari passu and A/B structured loans

  • Representing lenders in drafting and negotiating B-note documents.

  • Representing a hotel investor developing a mezzanine loan program.