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CRE Finance Council (CREFC) is pleased to announce the West Coast High Yield Real Estate Finance Summit. The event is hosted by CREFC’s High Yield Distressed Realty Assets (HYDRA) Forum and co-hosted by the Los Angeles Mortgage Association (LAMA). The Summit will take place on May 13 and May 14 at the beautiful Fairmont Miramar Hotel & Bungalows in Santa Monica, CA. This premier day-and-a-half event will focus on opportunities in the high yield, mezzanine, preferred equity and distressed debt sectors, as well as CMBS and balance sheet lending trends, and more. All topics are presented by leading industry participants.

Industry Players Comment on Summit (click image below)

 
Hosted by the High Yield Distressed Realty Assets (HYDRA) Forum:

Nik Chillar, Senior Managing Director, Opus Bank
John D’Amico
, Director, Special Asset Management, Trimont Real Estate Advisors, Inc.
Kevin Donahue
, Senior Managing Director, C-III Capital Partners
Greta Guggenheim, Chief Investment Officer, Ladder Capital Finance LLC
Bill O’Connor, Partner, Thompson & Knight, LLP
Timothy Pine, Vice President, Zodiac Title Services LLC

Co-Hosted by: 

lama

Tuesday, May 13, 2014

Registration
11:00 am - 5:00 pm
Starlight Foyer


Lunch
11:30 am -12:45 pm 
Wedgewood Ballroom


Welcome  
1:00-1:15 pm
Starlight Ballroom

Stephen M. Renna, President & Chief Executive Officer, CRE Finance Council


Market Trends and Opportunities for 2014
1:15-2:05 pm  
Starlight Ballroom

Moderator:  
Gerard SansostiExecutive Managing Director, HFF


Panelists:
Stacey BergerExecutive Vice President, PNC Real Estate/Midland Loan Services
Keith Honig, Managing Director, AIG Investments 
Michael H. Lowe, Co-President and Chief Investment Officer, Lowe Enterprises 
Lisa PendergastManaging Director, Jefferies & Company LLC
Mitchell Resnick, Vice President, Multifamily Loan Pricing & Securitization, Freddie Mac 

Discussion Topics:

  • With all the competition in the market and continued yield compression, how are the major CRE lending sources achieving their 2014 goals?
  • The search for yield throughout all markets continues to be more and more difficult.  How are CRE lenders changing their programs to capture yield?
  • The CRE regulatory landscape continues to evolve.  How are the CRE lenders preparing for these potential changes?
  • With the wave of upcoming maturities in 2015-2017 and the prospect of rising interest rates, are borrowers looking to refinance or sell prior to maturity?
  • Are we seeing erosion in underwriting and structuring in the CRE lending market?

Networking Break
2:05-2:15 pm
Starlight Foyer


Bridge to Somewhere:  Creating Value at High Yields with Bridge Lending
2:15-3:05 pm
Starlight Ballroom

Moderator:  
Gregg Loubier, Partner, Allen Matkins Leck Gamble Mallory & Natsis LLP

Panelists:
Nik Chillar, Senior Managing Director, Opus Bank
Larry Grantham, Managing Director, Karlin Real Estate, LLC
Mark Fluent, Managing Director, Deutsche Bank Securities
Michael Sanchez, Vice President, Colony Capital, LLC
Mark Zytko, Co-Founder, Mesa West Capital 

Discussion Topics:

  • Defining bridge financing – What is it?  What it is not?  
  • Underwriting and structuring to reach a destination at the other end of the bridge
  • Detailed illustrations based on diverse bridge loan transactions
  • Identifying and managing loan risk and achieving target yields
  • View from the trenches -- Advice for bridge loan borrowers on how to navigate and close the deal

 


Networking Break
3:05 – 3:30 pm 
Starlight Foyer


Equity/Preferred Equity:  How To Have Your Cake and Eat It Too
3:30-4:20 pm
Starlight Ballroom

Moderator:  
Leslie LundinManaging Partner, LBG Real Estate Companies, LLC

Panelists:
Bryan Crane, Principal, Artemis Real Estate Partners LLC
Jilliene Helman, CEO, Realty Mogul, Co.
Sujan PatelManaging Director and Co-Head of Investments, NorthStar Realty Finance Corp.
Jeffrey Reder, Senior Vice President, Private Real Estate, CenterSquare Investment Management  

Discussion Topics:

  • Now that the easy high yields are theoretically behind us, how are equity providers structuring their deals to meet newly minted demanding sponsors fully knowledgeable of the title wave of capital that exists?
  • How are active players beating the competition? 
  • Where are the opportunities in the coming year to beat the market? 

 


Networking Break
4:20-4:30 pm
Starlight Foyer


Special Servicing: Now What?
4:30-5:20 pm
Starlight Ballroom

Moderator:  
Bill O'Connor, Partner, Thompson & Knight LLP

Panelists:
John D'Amico, Director, Special Asset Management, Trimont Real Estate Advisors, Inc.
David Harrison, Senior Vice President, PNC Real Estate/Midland Loan Services
Dan Olsen, Senior Vice President, KeyBank Real Estate Capital
Jan Sternin, Senior Vice President, Berkadia Commercial Mortgage LLC
Craig Welin, Shareholder, Frandzel Robins Bloom & Csato, LC

Discussion Topics:

  • Due Diligence Approaches: Differences in opinion, scope and challenges faced by new issuance practices
  • The Train in the Tunnel: Preparing for 2015 and beyond
  • Dealing with new CMBS Investors in distressed tranches
  • The Real implications of purchase value option plays

 


Networking Reception
5:20 – 7:00 pm
Front Drive

 

 

Wednesday, May 14, 2014

Registration
8:00 am - 3:00 pm
Starlight Foyer


Breakfast
8:00 – 9:00 am
Wedgewood Ballroom


Emerging Players
9:00-10:00 am
Starlight Ballroom

Moderator:  
David Rosenthal, President & CEO, Curtis-Rosenthal, Inc.

Panelists:
Dan BorlandPresident, Commercial Real Estate Banking, Opus Bank
Anand N. Kapadia, Managing Director, ARK Realty Capital
Kevin MillerCo-President, CEO, Thorofare Capital, LLC
Michael SinghPrincipal & Executive Vice President, A10 Capital

Discussion Topics:

The high yield CRE finance market has grown crowded with many new and emerging lenders.  

  • Where did they come from?  
  • What makes them different/special? 
  • Which specialty property types will they finance?
  • How are they managing their underwriting in this environment?
  • Where is their market going this year and next?

 


Networking Break
10:00 – 10:30 am
Starlight Foyer


Raising the Roof: Mezz Debt
10:30-11:20 am
Starlight Ballroom

Moderator:  
Bill Bernfeld, Partner, K&L Gates LLP

Panelists: 
John Jardine, Senior Partner, Ares Management LLC 
Marty Lanigan, Executive Vice President, Portfolio Lending Group, Greystone & Company
Chris Seay, Managing Director, Axonic Capital  
Clinton SooseDirector, BlackRock 

Discussion Topics:

  • How are mezzanine lenders differentiating themselves in a competitive market?
  • What are the new mezz strategies, and how have they changed from a year ago?
  • Where are the current pricing levels, and what yields are being sought?
  • How is underwriting being affected by the specter of higher interest rates and compressing spreads? 
  • What is the current mezz borrower profile?
  • What are the common mezz deal structures today?

Networking Break
11:20 – 11:30 am
Starlight Foyer


Foreign Capital Investment in the U.S.
11:30-12:30 pm
Starlight Ballroom

Moderator:  
Kevin DonahueSenior Managing Director, C-III Capital Partners

Panelists:
Steve AnapoellShareholder, Greenberg Traurig, LLP
Nick GrayGeneral Manager, MAB Funds Management Limited
Troy Harris, Managing Director, Alvarez & Marsal Capital Real Estate
Bob Kline, CEO and Principal, RW Kline Capital

Discussion Topics:

  • Foreign investment in US CRE up 40% in 2013 – who is buying, what are they buying and why are they investing?
  • What specific markets and product types are being targeted and how has that evolved?
  • EB5 program – what is it, how does it work and why is it driving foreign investment in US CRE product?
  • CRE investment structure for off shore investors – debt, equity, joint venture, yield requirements, etc.
  • Tax, regulatory and compliance issues impacting foreign flow of funds into US CRE.
  • Will continued increase in foreign investment capital drive prices higher and impact domestic US investors?


Lunch 
12:30-1:40 pm
Wedgewood Ballroom


Silver Linings “Note"-Book
1:40-2:30 pm
Starlight Ballroom

Moderator:  
Richard OrmondShareholder, Buchalter Nemer

Panelists:
Kurt AltvaterSenior Vice President, CBRE Capital Markets, Inc.
Merrick L. "Rick" Gross, Shareholder, Carlton Fields Jorden Burt  
Justin GuichardManaging Director, Oaktree Capital Management LP
Kevin McKenzie, Head of Investments, Sabal Financial Group LP
Max Sharkansky, Managing Principal, Trion Properties

Discussion Topics:

  • Who are selling and buying notes? What kind of notes? 
  • What kind of real estate is desirable? Bulk Purchases vs. Single Asset purchases?
  • Terms of sales/purchases: Negotiable? Due Diligence?
  • What type of due diligence is recommended?
  • Once Purchased - negotiate new terms with borrower? Forbearance? Foreclosure?
  • Loan Enforcement: Litigation; Judicial/Non-judicial foreclosure; Bankruptcy
  • Crystal ball - where is the market going?

 


Rating Agencies: Just How Concerned Are You?
2:30-3:30 pm
Starlight Ballroom

Moderator:  
Harris Trifon, Portfolio Manager - CRE Debt, Western Asset Management Company

Panelists:
Dan Chambers, Managing Director, Fitch Ratings 
Kim DiamondSenior Managing Director, Kroll Bond Rating Agency, Inc. 
James Manzi, Senior Director, Structured Finance Research, Standard & Poor's Ratings Services
Annelise OsborneVice President, Senior Credit Officer, Moody's Investors Service

Discussion Topics:

  • Rising credit enhancement levels on new issue deals here to stay?
  • How are the RAs looking at CRE CLOs 2.0?
  • Is there any hope for legacy bonds?
  • Issuance trends over the next few years

 


Networking Break
3:30-4:00 pm
Starlight Foyer


TICs: Trouble in Common?
4:00-4:50 pm
Starlight Ballroom

Moderator:  
Judy HoffmanPresident, Trigild

Panelists: 
Meagen Leary, Attorney, Duane Morris LLP
Debra Morgan, Managing Director, C-III Asset Management LLC
Tim Pine, Vice President, Zodiac Title Services LLC
Daniel Shaeffer, Chief Executive Officer, Cottonwood Residential 
Mark WeibelPartner, Thompson & Knight LLP

Discussion Topics:

  • Obstacles to a workout – can you herd cats?
  • Role of 3rd Party advisors to TIC owners
  • Bankruptcy filing
  • Lender Strategies
    • Modification/Extension
    • Receivership
    • Foreclosure
  • Investor Strategies: 721 roll up
  • Tax Ramifications to the TIC owners


Networking Reception 
5:00 – 7:00 pm
Front Drive

 

Sponsorship Opportunities are available. Contact Erin Liberatore (202.448.0855), Director of Meetings & Member Services, for more information.

Co-Hosted by:

lama


Sponsors:

am                  ballard                             
 

bankassetpoint

   
                 
             
bloomberg    bn    loneoak    
             
 rics   tk   trimont    

 


Media        
cma                 cre_direct                 refi
         
sgm        
         

The Attendee List is available to registered attendees of the Summit. Registered attendees may click the below link to access the attendee list.

Attendee List

This list is the sole property of the CRE Finance Council. No one has the right to copy, re-use, reproduce or distribute this list or any information included on the list in any form without first receiving written permission from the CRE Finance Council.