In the News

N.Y.-based agency names managing director of business development

Michael Birajiclian, who has closed more than $8 billion in real estate transactions, will leverage his vast industry experience and relationships to cultivate new sources of business. (3/9/2009)

TitleVest, a Manhattan-based provider of title insurance and related real estate services, announced the hire of Michael Birajiclian as managing director of business development.

Over the past decade, Birajiclian has closed more than $8 billion in real estate transactions in positions held at several leading investment banks including Bank of America, Nomura Credit & Capital and Morgan Stanley, and most recently as an attorney in private practice at Stark, Amron & Liner LLP. In his new role with TitleVest, he will leverage his vast industry experience and relationships to cultivate new sources of business.

During his tenure with the Bank of America, Birajiclian, a principal in the Real Estate Structured Finance Group, structured and closed in excess of $4 billion in conduit, leveraged finance and syndicated transactions; negotiated participation, intercreditor, pooling and servicing agreements and all related transfer documentation; and headed the deal team that closed Bank of America's portion of the 2006 CMBS Deal of the Year: Toys 'R Us.

At Nomura Credit & Capital, Birajiclian managed the loan closing department from the group's inception and worked directly with program counsel in developing Nomura's fixed rate, floating rate and large loan form documentation; closed and structured in excess of $3.2 billion of fixed and floating rate conduit loans; and negotiated mortgage loan purchase agreements with third-party correspondents to build origination volume.

In the Securitized Products Group at Morgan Stanley, Birajiclian worked closely with the trading desk, originating bankers and outside counsel concerning the proper structure of commercial mortgage and franchise mortgage loans.

In his most recent position at Stark, Amron & Liner, LLP, a New York City-based real estate and structured finance practice, Birajiclian represented commercial banks and mezzanine funds on loan closings, preferred equity investments, participations, workouts, foreclosures and general commercial litigation proceedings; advised clients regarding distressed debt and workout situations for sub and nonperforming loans focusing on maximizing asset value; and drafted and negotiated all related loan documentation with a focus on client relationship management.

"Michael is an excellent addition to our team," said Bill Baron, president of TitleVest. "His extensive experience closing large commercial transactions along with his close relationships with many top industry professionals will help expand TitleVest's business and reputation as one of the preeminent title insurance providers."

A resident of Brooklyn, Birajiclian holds a Juris Doctor from the University of Louisville School ofLaw and a Bachelor of Arts in English from the University of Vermont. He is a member of the American Bar Association, Kentucky Bar Association (Oct. 1997), New York Bar Association (Oct. 1999), Real Estate Lenders Association and Mortgage Banker's Association.