6-Hour Program

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Overview

Why You Should Attend

By 2018, over $200 billion of commercial conduit loans will mature and will need to be refinanced.  After the robust issuance of $101 billion of CMBS in 2015, the general expectation was that further growth in the origination of commercial mortgages for, and issuance of, CMBS in 2016 would easily handle the wave of maturities of conduit loans originated in 2006 and 2007.  Unfortunately, the general volatility of the capital markets for fixed income early in 2016 disrupted the CMBS market and precipitated a significant decline in the origination of loans for securitization and the potential for refinancing of CMBS loans by CMBS lenders is in significant jeopardy.

Join our expert faculty as they discuss key developments in the CMBS market, including the state of the CMBS market, workouts and restructuring, and complex issues faced by CMBS borrowers.

What You Will Learn   

  • An overview of marketplace economics
  • Addressing issues faced by borrowers in CMBS servicing and workouts
  • Negotiating workouts and debt restructuring
  • Risk Retention Requirements – Horizontal vs Vertical Retention
  • Securitized vs. portfolio loans: a comparison of the risks and rewards
  • REMIC limitations on CMBS loans
  • Essential deal points for lenders, borrowers and guarantors
  • Guarantors and non-recourse carve-outs

Who Should Attend

Anyone representing lenders, borrowers, servicers, commercial property developers, owners, landlords, tenants, trustees, issuers and underwriters, as well as analysts, bankers, executives and other professionals who have to understand the world of commercial real estate finance in the capital markets.

Credit Details