Iain Balkwill Photo

Iain is a partner in Reed Smith’s structured finance team. His practice covers the restructuring, enforcement and securitisation of debt secured by commercial real estate (CRE). Iain advises issuers, corporate service providers, corporate trust providers, rating agencies, servicers, special servicers, noteholders and borrowers with respect to a range of CMBS transactions. He has also advised arrangers on the origination of numerous CMBS conduit deals.


  • Oxford Institute of Legal Practice, 2004, LPC
  • Oxford Brookes University, 2003, Graduate Diploma in Law
  • University of Durham, 2002, Environmental Geoscience

  • England und Wales

Notable Quotes

  • 8 March 2019, “Pick-up in CMBS activity proves to be short-Lived” Property Week
  • 1 March 2019, “NPLs: Proposed Irish “No Consent, No Sale” bill could derail Irish RMBS issuance” CapitalStructure
  • 31 January 2019, “Alpha Bank shifts non-performing SME loans” GlobalCapital
  • 6 July 2018 “European CMBS surge continues” Structured Credit Investor
  • July 2018 “The Wolf at the Door: Italy Confronts its Menacing Bad Loans” AltCredit
  • 21 June 2018 “Two deals show resurgence of European CMBS market” Property Week
  • 23 May 2018 " The benefits of NPL securitisation” Real Estate Capital
  • 18 May 2018 "Securitisation 'right tool' for NPL disposals” Structured Credit Investor
  • 18 May 2018 "Split-mortgage securitisation mulled” Structured Credit Investor
  • 19 February 2018 "Why Blackstone took the agency CMBS route for its Italian refi." Real Estate Capital
  • 9 August 2017 "NPL ABS: Blackstone buys majority stake in Banco Popular's real estate asset portfolio; portfolio could provide platform for a number of securitisations." Capital Structure
  • 21 June 2017 "INSIGHT: Greek NPL securitisation may be a one-off, but outlook for European NPL ABS remains optimistic." Capital Structure
  • 15 May 2017 "FEATURE: Public and private CMBS deals mandated; punitive regulations still a major hindrance." Capital Structure
  • 14 December 2016 "UniCredit announces €17.7bn NPL ABS as investor interest heats up" Global Capital
  • 5 February 2016 "EU deal for Italian bad loans "helpful" to European CMBS" Real Estate Capital
  • 4 January 2016 "2016 Forecasts: Will debt get more expensive?” Real Estate Capital
  • 24 July 2015 "Expanding Brand" Structured Credit Investor