Events Contacts
Libby Jakes
Tel: 619-525-3801 Fax: 619-744-5494 lj@procopio.comFrancisco Sánchez Losada
USD-PITI Conference CoordinatorTel: 619-515-3225 Fax: 619-398-0180 fsl@procopio.com
Downloads
Firm Facts (PDF 176 KB) Logo (EPS, 550 KB)Commercial Real Estate Workouts, Turnarounds & REO
July 21-23, 2008
9am-5pm
Irvine, CA
Monday, July 21 – 10:15 AM
Intercreditor Issues in Commercial Real Estate Workouts
A major change in commercial real estate lending since the last major lending crisis is the proliferation of multiple tranche financings, featuring many layers of senior, junior, senior mezzanine, junior mezzanine, equity and other investment. This promises to create the potential for both more complex legal issues in handling multiple layers of contract covenants, as well as a more dynamic workout environment, where the various lenders might well have different outlooks on the best path forward in a workout. This panel will explore the legal and strategic factors in these situations, including:
- Will intercreditor agreements hold together in a bankruptcy proceeding?
- The impacts of REMIC guidelines and trust regulations on workout options and strategies
- Role of mezzanine lenders in workouts and loan sales
- Assessing the opportunities for investment and providing servicee
Panel Participants:
- Robert (Robin) C. Jones, Jr., Pillsbury Winthrop Shaw Pittman LLP
- Grant Puleo, Partner, Procopio
- Eric Remensperger, Partner, Proskauer Rose LLP
- Steve Silverman, Member, Kluger Peretz Kaplan & Berlin Distressed Assets Group
For additional information or to register for the conference, visit Information Forecast
