Negotiating an Effective Workout Agreement
in a Distressed Credit Market
CD of Teleconference with Q&A
Click here for program outline
Conducted on Thursday, November 6, 2008
Now available on CD
Sponsored by the Legal Publishing Group of Strafford Publications
In the current credit market crisis, owners and developers of financially troubled real estate projects must keep properties and developments afloat despite waning cash flows and weakened property values. Lenders are facing late payments and seeking new 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.
Listen as our panel of real estate finance attorneys explains the benefits and limitations of workout agreements. The panel will provide their experienced guidance and offer best practices for negotiating workout agreements for owners, developers and lenders.
The panel included:
David A. Barksdale, Partner, Ballard Spahr Andrews & Ingersoll, Las Vegas. He focuses on real estate development, finance and construction. He has represented developers in acquiring and financing commercial projects and borrowers in negotiating and closing financing.
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 mortgage loans.
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.
The panel reviewed 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?
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $297 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT.
Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.