Michael Ruder

About Michael Ruder

Michael Ruder concentrates his capital markets practice on commercial mortgage-backed securities (CMBS) transactions and other securitizations. Michael frequently represents issuers and underwriters in connection with agency and private label CMBS securitizations, including single-asset / single-borrower (SASB) transactions. He has securitized CMBS loans secured by a variety of property types, including multifamily, office, retail, hospitality, industrial and assisted living. Michael has experience with securitizations involving hybrid ARM mortgage loans, mezzanine loans, junior liens, tax-exempt loans, participation interests and future funding.Law360 has recognized Michael a Rising Star for Structured Finance. The Commercial Real Estate Finance Counsel included Michael among its inaugural “20 Under 40” list, which features the future leaders of the CRE finance industry. Michael was included in the inaugural edition of Best Lawyers: Ones to Watch in recognition of his work in Securities/Capital Markets Law. The National Law Review has recognized Michael as a “Go-To Thought Leader” in the area of securities law, for his writing about SEC climate risk regulation.Michael also advises securitization clients on sustainable finance matters, including green bonds, social bonds, sustainability frameworks, second party opinions and C-PACE. A member of Cadwalader’s ESG Task Force, Michael’s trade association involvement includes work on the Commercial Real Estate Finance Council’s, Structured Finance Association’s and International Capital Markets Association’s sustainable finance working groups.Representative capital markets transactions have included-Agency CMBS securitization that was the first multifamily real estate securitization with certificates indexed to SOFR and was recognized by GlobalCapital as CMBS Deal of the Year-Agency CMBS sustainability-bonds securitization that was awarded CMBS/CRE CLO Deal of the Year by GlobalCapital-Issuer’s counsel on securitization of one of the largest-ever SASB loans in one of the first CMBS transactions to be labeled as green bonds, which was nominated for CMBS Deal of the Year by GlobalCapital-Green bonds consultant to CMBS issuer on securitization of a SASB mortgage loan backed by a life sciences property-Social bonds consultant to CMBS issuer on first private label CMBS offering to be labeled as social ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.

Experience

1. Partner

   Cadwalader, Wickersham & Taft Llp

   Jan 2023 — Present

Education

• Northwestern University School of Law

  Juris Doctor, cum laude

• Texas Tech University

  Bachelor of Business Administration, summa cum laude, with Honors

Skills

• Securitization
• Cmbs
• Structured Finance
• Corporate Law
• Capital Markets
• Securities