Philippe Steffens

Philippe specialises in securitisation, structured finance, receivables finance and loan portfolio transactions involving a wide variety of asset classes as well as debt capital markets. In addition, he also advises banks and corporates on general financing transactions, often with a more structured angle, such as supplier finance and asset based lending. His clients are mainly financial institutions, investment firms, funds and private equity portfolio companies.

• Advised LFH Lease B.V. as originator on its Euro 265 million inaugural Dutch private warehouse securitisation of lease assets and receivables with Barclays and SCIO Capital as senior and mezzanine noteholders.
• Advised Community Hypotheken B.V. as originator, seller, servicer and subordinated lender in respect of its private warehouse for Dutch commercial real estate mortgage receivables as well as its private warehouse for Dutch buy-to-let receivables, each with a major investment bank as (senior) lender.
• Advised ING Bank N.V. as arranger and investor and the other investors on the 2022-2024 renewals of the VCL Master Netherlands asset-backed securities transaction in the Netherlands.
• Advised Santander as senior lender in relation to the refinancing of a Dutch mortgage loan portfolio.
• Advised N26 Hypotheken B.V., the Dutch subsidiary of German N26 Bank GmbH, on the set-up of a Dutch residential mortgage lending platform and the financing thereof.
• Advised Creafin N.V., a Belgian non-bank mortgage lender, on forward flow transactions and a private warehouse securitisation of Belgian residential mortgage loans.
• Advised Ebury, a Santander owned Fintech trade finance payments platform, with replacing the lender on its securitisation structure and adding new jurisdictions and products.
• Advised VW Financial Services on its inaugural Dutch auto lease securitsation in an amount of up to EUR 1 billion.
• Advised Natixis on various transactions in the Dutch mortgage market, including a Dutch RMBS warehouse facility for Merius Hypotheken, the structuring and documentation of investments in Dutch residential mortgage loans by multiple foreign investors.
• Advised a Dutch bank as senior noteholder and security trustee on a financing of a portfolio of Dutch SME loans originated by a newly established lending platform. The financing was into newly originated Dutch SME loans through Dutch Growth B.V.
• Acted as transaction counsel on the first Dutch consumer loan securitisation of Santander Consumer Finance Benelux B.V.
• Advised Stichting Note Trustee Opera Finance (Uni-Invest) as note trustee with respect to the restructuring, the enforcement and representation before the Dutch court in relation to a EUR1,008,900,000 Dutch CMBS transaction.
• Advised Dealers Financierings Maatschappij (DFM), a Dutch joint venture of Volkswagen, on the establishment of a EUR785 million Dutch vehicle loans backed securitisation programme.

“The firm is particularly strong in matters concerning mortgage securitisation, multi-jurisdictional trade receivables financing, and auto lease securitisation. Located in Amsterdam, Philippe Steffens heads the firm’s global securitisation practice as well as the banking & finance practice; he specialises in collateralised loan obligations, loan portfolio transactions, and structured credit products.”
Legal 500 2024

"Philippe Steffens has a strong focus on CLOs and mortgage-backed securities. He also advises clients on warehouse financings and trade receivables mandates. "Philippe offers very strong levels of client service, sophistication and commercial awareness. He is a strong leader and an amazing lawyer to work with."
Chambers Global 2024

• Dutch Bar Association (Nederlandse Orde van Advocaten) - Member
• Dutch Tax Advisers Association - Member