SOURCE: Trigild, Inc.

October 29, 2007 11:30 ET

Experts at Trigild Lender Conference Predict the Worst Is Yet to Come

Conference Provides Forecasting and Timely Advice for Professionals in Nonperforming Commercial Loan Industry

SAN DIEGO, CA--(Marketwire - October 29, 2007) - Nearly 250 attendees from around the country gathered to discuss, network and learn about handling distressed commercial debt at the 2007 Trigild Lender Conference. The overwhelming sentiment was the days of unprecedented low commercial loan defaults are over and the market better be prepared for more commercial loan defaults.

Keynote speaker Sam Chandan, PhD, and chief economist for Reis, Inc., predicted further deterioration in the housing market and that although the fundamentals are relatively stable, economic expansion remains imperiled.

"This trough is lasting longer than people expected. Have we seen the worst? No," said Thomas Deane of Wachovia Securities during a panel titled "Looking Ahead." Co-panelist Brian Olasov of McKenna Long & Aldridge noted, "There is a mixed message in the marketplace. People on the seller side are saying this is temporary, but there is a lot of research that says a reset will happen in 2008."

Now in its seventh year, the Trigild Lender Conference was held October 17-19, 2007 in San Diego. Kevin Donahue of Midland Loan Services claims after his fourth straight year, "I attend a number of similar conferences throughout the country each year and honestly believe that the Trigild event is consistently the best of its kind in the industry." Jeff Ungermah of Capmark Financial added, "The subjects of this conference are right on with what this country is going through."

The conference is tailored to the needs of asset managers, special asset groups, private equity lenders, debt buyers, hedge funds, and in-house counsel. In addition to timely and thoroughly addressed panel topics, the conference serves as a premier networking event within the non-performing commercial loan industry.

Experts covered subjects including complex deal structures, selling notes vs. selling assets, unfinished construction, and updates on important topics such as bankruptcy, receivership, and disposition.

Attendees and panelists included executives from numerous financial institutions including CWCapital, Banc of America Securities, iStar Financial, Archon, Prudential Securities, KeyBank, Wells Fargo Bank, Allstate Investments, Crown NorthCorp., ING Clarion, Principal, Midland Loan Services, Comerica Bank, Fortress, IndyMac, Imperial Capital Bank, and Capital Crossing Bank.

The Trigild Lender Conference is hosted annually by Trigild, Inc. More information on the conference can be found at Trigild is a nationwide company with headquarters located at 12707 High Bluff Drive, Suite 300, San Diego, CA 92130.

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