Commercial Real Estate Loan Workouts
Strategies for Developers, Owners and Lenders to Negotiate an Effective Workout Agreement
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Tuesday, October 5, 2010
Recorded event now available
This CLE webinar will provide counsel to owners, developers and lenders with an overview of the benefits and limitations of real estate loan workout agreements. The panel will outline best practices for negotiating workout agreements between owners, developers and lenders.
Description
Owners and developers of financially troubled real estate projects must keep properties afloat despite waning cash flows and weakening property values. At the same time, lenders facing late payments and pending borrower defaults are seeking ways to recover on real estate loans.
Workout agreements allow loans to be restructured to protect an owner’s interest in property and the lender’s investment. Counsel for both parties must strategically negotiate such agreements to ensure that their clients can pursue their original remedies in the event that the workout fails.
Federal guidelines on commercial real estate loan workouts, released by the Federal Financial Institutions Examination Council last year, offer some guidance for examiners and financial institutions on working with distressed borrowers.
Listen as our authoritative panel of real estate finance attorneys explains the benefits and limitations of commercial real estate loan workout agreements. The panel will provide their experiences, guidance and best practices for negotiating workout agreements for owners, developers and lenders.
Outline
- Developing a strategy
- Immediate action steps
- Limits on the lender’s objectives
- The threat of bankruptcy
- Knowing the enforcement options
- Types of workouts
- Alternatives to foreclosure
- Forbearance agreements
- Bankruptcy mitigation techniques
Benefits
The panel will review these and other key questions:
- What are the benefits of real estate workouts for lenders and borrowers?
- When are loan workouts an optimal — or even viable — option for borrowers and lenders?
- What are some best practices in negotiating a real estate workout agreement?
- How can borrowers and lenders identify and minimize their legal risks when contemplating a real estate workout?
Faculty
David A. Barksdale,
Partner
Ballard Spahr, Los Angeles
He focuses on distressed real estate, real estate development, finance and construction, and secured finance. He advises both lenders and borrowers on workouts and the financial restructuring of distressed real estate projects, including master planned and mixed-use developments, retail and office centers, casinos, hotels, industrial properties, and other types of commercial real estate.
Ren R. Hayhurst,
Partner
Bryan Cave, Irvine, Calif.
He represents lenders in real estate and commercial loan documentation, real estate loan workouts and foreclosure, receivership and loan/guaranty enforcement litigation. He is a frequent speaker on a wide variety of real estate topics.
Steven D. Collier,
Counsel
Alston & Bird, Atlanta
He concentrates in the area of mortgage finance, emphasizing the representation of institutional real estate lenders, borrowers and investors and specializes in portfolio and CMBS loans.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, GA, MO, MT, TX, VT, WA.
Upon request, also available in: CO, CT*, FL, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI*, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, GA, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
Webinar Download (Slide Presentation with Audio) $297.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $297.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $297.00
plus $9.45 S&H
Available ten business days after the live event
Webinar/Teleconference
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Program Materials
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Program Materials
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CLE Credit
Strafford's live seminars qualify for CLE in every state that accredits webinars. They offer you a high quality, cost effective, and convenient CLE option, with no lost travel time or expenses.
Customer Reviews
I received complicated information in an uncomplicated, concise and understandable manner.
Alice Mercado
Lemons, Grundy & Eisenberg
High quality content, good speakers, and convenient to do over the web.
Ed Moomjian
Udall Law Firm
All of the speakers had a wide range of knowledge.
Kimberly Hayes
General Mills
I liked everything about the teleconference - knowledgeable speakers, well presented, timely topic. I was very impressed.
James A. Tramonte
Miller Martin
The speakers were well versed and kept my attention throughout the program.
Natalie Kossak
Independent Fiduciary Services
Real Estate Law Advisory Board
Partner
Ballard Spahr Andrews & Ingersoll
Partner
Stroock & Stroock & Lavan
Partner
Robinson & Cole
Of Counsel
Jenner & Block
Partner
Bryan Cave
Partner
K&L Gates
Counsel
Thompson Hine
Partner
Jones Day
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