SOURCE: Polsinelli


April 18, 2016 10:28 ET

Polsinelli Shareholder Brooks Clark to Speak at the Mortgage Bankers Association of NY Panel on Mitigation of Risks in Construction Lending on April 21, 2016

NEW YORK, NY--(Marketwired - Apr 18, 2016) - Brooks Clark, Shareholder at Polsinelli, an Am Law 100 firm with a strong and growing real estate practice in New York, will be speaking at the Mitigation of Risks in Construction Lending Breakfast Panel hosted by the Mortgage Bankers Association of NY on April 21, 2016 at 8:00 AM.

Brooks Clark, Shareholder at Polsinelli, focuses heavily on complex financings in real estate deals. He has extensive experience with conduit lending and highly structured debt, as well as representing large banks in construction loan deals. Since joining Polsinelli in 2012, Clark has been instrumental in the firm's significant growth in the New York real estate space.

Clark will bring his legal expertise to the panel composed of a developer and lenders. He will discuss protections against the filing of mechanics' liens afforded under the New York Lien Law and best practices employed by mezzanine lenders to protect themselves and the senior mortgage lender against construction risk. The panel will be moderated by Peter Millar, Executive Vice President of Construction Consulting Services at AEI Consultants.

"The advent of a once again thriving mezzanine construction lending market bodes well for senior construction mortgage lenders," Clark said. "In the past, if a developer ran out of money, a senior construction mortgage lender's only recourse would be to foreclose on a half completed asset and attempt to collect under a completion guaranty; a costly process. The addition of an institutional mezzanine lender provides an additional resource of capital which can come in and 'right the boat.'"

The panel will be held at the offices of Loeb & Loeb on Thursday, April 21, 2016 at 8:00 AM.

About Polsinelli:
Polsinelli is an Am Law 100 firm with more than 775 attorneys in 19 offices, serving corporations, institutions, entrepreneurs and individuals nationally. Ranked in the top five percent of law firms for client service*, the firm has risen more than 100 spots in Am Law's annual firm ranking over the past six years. Polsinelli attorneys provide practical legal counsel infused with business insight, and focus on health care and life sciences, financial services, real estate, technology and biotech, mid-market corporate, and business litigation. Polsinelli attorneys have depth of experience in 100 service areas and 70 industries. The firm can be found online at Polsinelli PC. In California, Polsinelli LLP. *BTI Client Service A-Team 2015 and BTI Brand Elite 2015.

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