Prepared for distribution at the COMMERCIAL REAL ESTATE FINANCING 2015 Program Chicago, April 9 10, 2015 New York City, April 20 21, 2015

Transcription

1 Prepared for distribution at the COMMERCIAL REAL ESTATE FINANCING 2015 Program Chicago, April 9 10, 2015 New York City, April 20 21, 2015 CONTENTS: PROGRAM SCHEDULE FACULTY BIOS CRE Lending 2015: A Middle Market Perspective Robert J. Hellman Managing Director Head of Asset Management Pembrook Capital Management LLC 2. Real Estate Loan Documents, Key Obligations and Best Practices for a Smooth Transaction Michelle V. Kelban Mira Dewji Latham & Watkins LLP 3. When Lease Income Supports the Loan: Are the Leases Financeable? (January 16, 2015) Glen R. Cornblath Strategic Leasing Law Group, LLP 4. Tenants and Leases (November 2014) Eric G. Menkes Duval & Stachenfeld LLP 5. Third Party Real Estate Legal Opinion Practice: Selected Third-Party Opinion Letter Practice Issues Kenneth M. Jacobson Katten Muchin Rosenman LLP 6. Real Estate Finance Opinion Precedent

2 7. Model Mortgage Loan Opinion Mortgage Loan Opinion Due Diligence Checklist Real Estate Finance Opinion Report of 2012 (May 30, 2012) Fortress Credit Corp. v. Dechert LLP, (New York Supreme Court, Appellate Division, First Department, New York) Security Interests in Non-Real Estate Collateral Jonathan M. Cooper Goldberg Kohn Ltd. 12. Authorization Nunc Pro Tunc In UCC Proposed Amendments David L. Wanetik Chief Operating Officer UCC Division First American Title Insurance Company 6

3 13. Lost Certificated Interest in a Real Estate Mezzanine Transaction David L. Wanetik Chief Operating Officer UCC Division First American Title Insurance Company 14. Title and Survey Review Rachel Goetz Applegate &Thorne-Thomsen, P.C. Exhibit 1: Lender s Title Objection Letter Exhibit 2: Escrow Instruction Letter Title and Survey Marvin N. Bagwell Vice-President and Chief New York State Counsel Old Republic National Title Insurance Company Exhibit 1: How to Read a Title Report Exhibit 2: Commercial Endorsements Exhibit 3: How to Review a Survey Exhibit 4: Escrow Funding Process Borrower Structures Presentation Outline and Selected Sample Forms Everett S. Ward Quarles & Brady LLP Appendix A: Sample SAE/SPE Provisions Appendix B: SAE Limited Liability Company Amendment Provisions Appendix C: Form of Non-Consolidation Opinion The JV Agreement and Linkage to Loan Documents (November 24, 2014) Carey W. Smith Arnold & Porter LLP 7

4 18. An Overview of Guaranties in Commercial Real Estate Loan Transactions C. Elizabeth Darke Dykema Gossett PLLC Exhibit A: Form of Guaranty of Payment Exhibit B: Form of Guaranty of Nonrecourse Carve-Outs Exhibit C: Form of Guaranty of Completion Guarantees in Commercial Real Estate Transactions Nicole Levin Mesard Debevoise & Plimpton LLP 20. Borrower Negotiations M. Christine Graff Winston & Strawn LLP 21. CMBS Rating Methodology (January 2012) Erin E. Stafford Managing Director DBRS Inc. 22. Legal Criteria for U.S. Structured Finance (July 2014) Erin E. Stafford Managing Director DBRS Inc. 23. PACE Loans: A Green Lien Challenge to CMBS Credit Quality Daniel B. Rubock Senior Vice President Moody s Investors Service, Inc Outlook US CMBS: CRE Recovery Takes Root As Loan Quality Continues to Slip Daniel B. Rubock Senior Vice President Moody s Investors Service, Inc. 8

5 25. Principal Considerations in Work-Outs and Bankruptcies N. Neville Reid, Partner Fox, Swibel, Levin & Carroll LLP 26. Principal Considerations in Work-Outs and Bankruptcies (PowerPoint slides) N. Neville Reid, Partner Fox, Swibel, Levin & Carroll LLP 27. Malpractice Prevention in Commercial Real Estate Financing Peter L. Apostol Senior Counsel Attorney Registration and Disciplinary Commission 28. Mea Culpa When? Mea Culpa How? Identifying Mistakes that Must Be Disclosed to Clients and Managing the Disclosure Robert J. Bergson Abrams Garfinkel Margolis Bergson, LLP INDEX Program Attorney: Meghan K. Carney 9