The CRE market is falling and nearly every bank faces an increase in distressed loans. The process of identifying which loans are likely to be in arrears/default, working with the borrower to renegotiate/restructure the loan, preparing for the possibility of foreclosure, etc. can be a daunting task.
Highlights
This presentation will focus on the warning signs of troubled CRE credits, walking through a workout (e.g. case study, typical scenarios), strategies, documentation considerations (pre-negotiation agreement, forbearance agreement, restructure agreement, workout agreement, etc.), title issues, and anticipating possible foreclosure/avoiding anti-deficiency traps.
Speakers
Peter S. Muñoz, a partner with Reed Smith, focuses on all forms of commercial and real estate finance transactions, asset-based loans, intellectual property financing and agricultural lending.
John Thomason, Executive Vice President - Director Corporate Real Estate and Real Estate Managed Asset Division at Bank of the West is responsible for the bank`s troubled CRE loan portfolio.
Audience
Anyone involved in commercial real estate lending strategy, oversight and general processes, including CEOs, CCOs, CFO’s, compliance officers, auditors, loan officers, lending managers, loan administration/review personnel, bank counsel, special assets, and loan workout specialists.
