Phase-Out of LIBOR: Impact on Floating Rate Mortgage Loans; Implementing Alternative Reference Rates
This program is being rescheduled new date TBD
A live 90-minute CLE webinar with interactive Q&A
This CLE webinar will discuss ramifications of the scheduled phase-out of LIBOR (London Interbank Offered Rate) at the end of 2021 and outline steps real estate lenders and finance counsel must take now to review and consider amendments to existing mortgage loan documents. The panel will discuss potential alternatives to LIBOR and best practices for incorporating alternative rate language into form documents.
- LIBOR—reasons and timeline for phase-out
- Impact on existing and new variable rate commercial real estate loans (including securitized loans)
- Impact on derivatives
- Alternative benchmarks
- Form adjustment language pending an industry standard rate
The panel will review these and other key issues:
- What is the timeline, and what kinds of real estate finance transactions will be impacted by the phase-out of LIBOR?
- What are the issues with alternative rate language currently contained in real estate loan documents?
- How should floating rate forms be revised to address the phase-out given the current uncertainty as to the substitute rate?
- What should counsel look for in ISDA agreements to confirm a suitable alternative rate is provided?
Cheryl I. Aaron
Michael Best & Friedrich
Ms. Aaron represents financial institutions, energy companies, and commodity trading firms (including both end-users... | Read More
Ms. Aaron represents financial institutions, energy companies, and commodity trading firms (including both end-users and swap dealers) on a variety of derivatives transactions, and drafts documentation for interest rate swaps, foreign exchange, commodities, and other derivatives product lines.She assists clients on compliance with Title VII of the Dodd-Frank Act and all related regulations. She has extensive experience advising clients on a range of derivatives and banking-related regulatory issues such as cross-border trading, federal deposit insurance, capital and margin requirements, and swap dealer registration.Close
Lowndes Drosdick Doster Kantor & Reed
Mr. Heimendinger has worked on a variety of financing structures and instruments, with a particular focus on real... | Read More
Mr. Heimendinger has worked on a variety of financing structures and instruments, with a particular focus on real estate finance and structured finance. These include the representation of lenders, borrowers, and underwriters on a variety of transactions, including term and revolving credit facilities, public and private securitization transactions (including CMBS), mezzanine financing, equipment financing, currency and interest rate cap and swap transactions, underwriting agreements, intercreditor agreements, joint ventures, and jurisdiction-specific non-recourse structures. Within the real estate space, he has covered multiple asset classes, including hotels and leisure facilities, office towers, senior living facilities, and multi-family residential buildings. In addition to U.S. transactions, Mark has completed a number of cross-border transactions.Close
Buy Live Webinar
Buy Live Webinar & Recording
A savings of $200
Live Webinar & Download
Live Webinar & DVD
$394 + $9.45 S&H