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ADVANCED WORKOUTS: SURVIVING TRANCHE WARFARE
In today's world, workouts are seldom as simple as a single lender and a single borrower coming to terms on a loan modification. A typical workout may involve multiple tiers of mezzanine or mortgage debt with several co-lenders within each tier. Some tiers may be serviced and some may be subject to special servicing. This panel will explore the complexities and complications of reaching consensus on a viable workout strategy when multiple stakeholders with competing agendas are involved. During the discussion, the perspectives of senior lenders, junior lenders, and servicers will be analyzed and compared.
Click here to view the PowerPoint presentation presented at the Crocker Symposium.
MODERATOR
Gary York, Partner
Ballard Spahr Andrews & Ingersoll, LLP
Gary York is a partner in the Los Angeles office of Ballard Spahr, a national law firm. He has more than 35 years of experience in representing institutions in complex real estate finance transactions throughout the country. Mr. York is a graduate of Stanford Law School and a member of the American College of Real Estate Lawyers. MORE>
PANELISTS
Jackie Brome, Senior Vice President, Director of Asset Administration
Capmark Finance, Inc.
Jackie Brome has 28 years of loan origination, development, loan, and REO workout experience. She is the director of asset administration for Capmark’s Solutions Group and is responsible for the day-to-day administration and training at three U.S. offices. Prior to Capmark, she was with Lend Lease (successor to AMRESCO) as vice president and Western Division manager as well as with several affiliates of Robert M. Bass Realty.
D. Eric Remensperger, Partner
Proskauer Rose LLP
D. Eric Remensperger is head of the West Coast Real Estate Group at Proskauer Rose and has 25 years of experience representing institutional capital, including banks, private equity funds, hedge funds, insurance companies, and pension funds in connection with joint ventures, mezzanine and senior loans, sale-leasebacks, and debt restructurings. MORE>
Return to Breakout Sessions Listing>
In today's world, workouts are seldom as simple as a single lender and a single borrower coming to terms on a loan modification. A typical workout may involve multiple tiers of mezzanine or mortgage debt with several co-lenders within each tier. Some tiers may be serviced and some may be subject to special servicing. This panel will explore the complexities and complications of reaching consensus on a viable workout strategy when multiple stakeholders with competing agendas are involved. During the discussion, the perspectives of senior lenders, junior lenders, and servicers will be analyzed and compared.
Click here to view the PowerPoint presentation presented at the Crocker Symposium.
MODERATOR
Gary York, Partner
Ballard Spahr Andrews & Ingersoll, LLP
Gary York is a partner in the Los Angeles office of Ballard Spahr, a national law firm. He has more than 35 years of experience in representing institutions in complex real estate finance transactions throughout the country. Mr. York is a graduate of Stanford Law School and a member of the American College of Real Estate Lawyers. MORE> PANELISTS
Jackie Brome, Senior Vice President, Director of Asset Administration
Capmark Finance, Inc.
Jackie Brome has 28 years of loan origination, development, loan, and REO workout experience. She is the director of asset administration for Capmark’s Solutions Group and is responsible for the day-to-day administration and training at three U.S. offices. Prior to Capmark, she was with Lend Lease (successor to AMRESCO) as vice president and Western Division manager as well as with several affiliates of Robert M. Bass Realty.D. Eric Remensperger, Partner
Proskauer Rose LLP
D. Eric Remensperger is head of the West Coast Real Estate Group at Proskauer Rose and has 25 years of experience representing institutional capital, including banks, private equity funds, hedge funds, insurance companies, and pension funds in connection with joint ventures, mezzanine and senior loans, sale-leasebacks, and debt restructurings. MORE> Return to Breakout Sessions Listing>