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My Client’s Commecial Real Estate Mortgage is Due, Now What?

February 21, 2019 @ 12:00 pm - 1:00 pm

When a commercial real estate loan comes due, there are, generally, three alternatives for clients: Refinance the loan, if possible; sell the property, if possible; or restructure the property or development’s capital structure, perhaps with more equity.  There are complex tradeoffs with each.  Renegotiating an extending a loan is time-consuming, even when lenders are willing, and potentially very costly in the face of sharply rising interest rates. Selling a project in a frothy market is a possibility, but not universally, and may trigger adverse tax consequences. Most murky of all is restructuring the capital structure of project. This program will provide you with a real world guide to the issues of working with clients when their commercial real estate loans come due.

Handout Materials will be emailed to you prior to the seminar

$60.00
Starts 12:00 p.m.
1.0 MCLE Credit Hours

Schedule:

·         Practical alternatives when a commercial real estate mortgage comes due

·         Exploration of refinance options in an environment of sharply rising interest rates

·         Role of preferred equity, mezzanine loans, and second mortgages

·         Alternative of selling into a strong market

·         Counseling clients about refinance in a time of certainty

Speakers:

Manuel A. Fernandez, Kasowitz Benson Torres & Friedman, LLP – Miami

John S. Hollyfield, Norton Rose Fulbright, LLP – Houston