February 14-15, 2013
PLI New York Center,
810 Seventh Avenue at 53rd Street (21st floor),
New York, New York 10019
(Conference also available via Webcast)
Why you should attend:
This seminar will explore major issues and problems, and recent changes, in how lenders and borrowers negotiate commercial real estate loans in the still-lingering shadow of the recent financial crisis. Speakers will show how today’s lower valuations and the renewed conservatism of lenders will shape the terms, legal negotiations, and closing process of commercial real estate financing in 2013. This year’s program will turn back toward the basics, such as loan document negotiations, rental income, leases, nondisturbance agreements, and drilling down on the documents. A faculty of seasoned practitioners will help you understand old principles that are new again, beef up your knowledge of how to structure and close real estate loans, and revisit legal principles for troubled loans that date back to law school or earlier downturns. The speakers will explore categories of financing and categories of distress, and how borrowers and lenders might respond. And they’ll offer some predictions about how commercial real estate financing might look in the next cycle, and lessons to be learned from today’s transactions and continuing workouts.
What you will learn:
- Who’s lending - and how?
- How a lender looks at a lease, and the relationship between tenant and lender
- Securitization today - state of the market and projections
- The art of getting a loan closed, and what to do next
- Role of the rating agencies
- Lender’s due diligence and strategy for troubled loans
- Interest rate protection - swaps, caps, and security issues they create
- Fannie and Freddie multifamily financing
- Workouts, defaults, and enforcement
- How ground leases can go wrong
- Analyze an ethics case study, and receive an hour of CLE Ethics credit
Mayer Brown partner David Stewart will speak on a panel titled “Evolving Deal Structures and Documentation for Securitized Loans.”
For more information and to register please click on the button below.