Reworking Commercial Real Estate Loans in a Distressed Market: Preventing Defaults and Mitigating Near-Term Losses
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will explore the current distressed commercial real estate (CRE) market and how lenders are handling performing or non-performing loans in light of the pending and upcoming market turbulence. The panel will also discuss adjustments to existing transactions now and new provisions to explore in loan agreements going forward.
- Overview of the current CRE market
- Interest rate woes
- Number of loans nearing maturity
- Market outlook
- Types of lenders/deals most negatively impacted by the current market
- Common distress scenarios
- Workout viability in current market
- Trending solutions
- Lender remedies
- Practical steps to mitigate defaults and avoid losses
- Default letters
- File review for lenders and borrowers
- Pre-Negotiation agreements
- Loan modifications
- Forbearance agreements
- Strategies and key takeaways
The panel will review these and other key issues:
- How should loan documents address commercial and retail tenant defaults due to the current market pressures?
- What changes may be necessary to debt-service coverage ratios and other covenants to avoid loan defaults or cash management triggers?
- How should loans involving future disbursements be tailored to address the current economic uncertainty?
- How should loan terms be structured in light of rising interest rates?
Herman R. Lipkis
Holland & Knight
Mr. Lipkis focuses his practice on structured real estate finance, acquisitions, dispositions, hospitality... | Read More
Mr. Lipkis focuses his practice on structured real estate finance, acquisitions, dispositions, hospitality transactions, commercial leasing, management, and construction matters. He represents national and foreign financial institutions, borrowers, real estate developers, owners and operators in various types of loan transactions, including portfolio loans (acquisition, construction, development, bridge, revolving, term, permanent and mezzanine), commercial mortgage-backed security (CMBS) loans, syndications, intercreditor and participation arrangements. Mr. Lipkis has experience representing purchasers, sellers and developers in complicated real estate transactions throughout the United States. He regularly counsels clients on a variety of due diligence issues, including title, survey and municipal regulatory matters.Close
Bryan Cave Leighton Paisner
Mr. Stupar concentrates his practice on lending and servicing of commercial real estate conduit and balance-sheet... | Read More
Mr. Stupar concentrates his practice on lending and servicing of commercial real estate conduit and balance-sheet loans secured by apartment buildings, shopping centers, strip malls, hotels, warehouses, residential developments, office buildings, and other types of commercial real estate. He regularly represents banks, master servicers, special servicers, CLO issuers, CMBS trusts, insurance companies, and other lenders with respect to commercial real estate loan originations, loan restructurings, loan modifications, loan assumptions, CMBS and CLO securitization compliance, SASB loan servicing, co-lender, loan participant and intercreditor issues, property leasing, property management, zoning, land use, workouts of non-performing commercial real estate loans (forbearances, discounted payoffs, deeds-in-lieu, note sales, receiverships, foreclosures, and the exercise of other secured creditor remedies), and real estate sales.Close