SOURCE: Joshua Stein PLLC

Joshua Stein PLLC

September 18, 2014 10:33 ET

Workshop for CRE Lenders on New Issues in Structuring and Negotiating Loans Offered by MBAofNY

NEW YORK, NY--(Marketwired - Sep 18, 2014) - At an upcoming luncheon program, a panel of New York City commercial mortgage finance attorneys will explore changes since 2007 in how commercial mortgage lenders structure, negotiate and close substantial real estate loans. The October 29 program, "Today's New Issues in Structuring and Negotiating Loan Documents," is sponsored by the Mortgage Bankers Association of New York, Inc. (MBAofNY) and will take place at the Cornell Club, 6 East 44th Street, in Manhattan, from 12:00 - 2:00 p.m. Admission is $95 for members and $125 for non-members.

The program, intended for non-lawyers who close major real estate loans for both borrowers and lenders, will feature Christopher S. Delson of Morrison & Foerster LLP, Richard S. Fries of Sidley Austin LLP, Gary A. Goodman of Dentons and Joshua Stein of Joshua Stein PLLC.

Moderated by Stein, the panel discussion will consider only non-commercial mortgage-backed securities (CMBS) loans, both construction and permanent. The panelists will discuss major changes in guaranty negotiations in response to lessons learned in the recent economic downturn. They'll explore not only nonrecourse carveout guaranties and carry guaranties, but also the issues that guaranties can create with multiple layers of debt, looking at examples such as Stuyvesant Town.

Panelists will also discuss new challenges in using swaps and caps for commercial real estate loans, changes in tax rules and "know your customer" rules and new accelerated dispute resolution procedures in New York courts.

EB-5 investor structures have become widespread in the last few years, especially in construction loans, and the panelists will discuss how that trend affects loan documents. They'll also look at other new players that have entered the market in the last few years, such as hedge fund equity investors.

The panelists will consider whether loan documents, negotiations, and terms have taken the market back to 2007, and how the answer to that question might vary among different markets.

Attendees will be encouraged to comment and ask questions throughout the program.

For more information and to register for "Today's New Issues in Structuring and Negotiating Commercial Real Estate Loans," please visit the MBAofNY's website -- http://www.mbany.org/.

About the Mortgage Bankers Association of New York

The Mortgage Bankers Association of New York, Inc. (MBAofNY) is a nationally recognized, New York state-wide organization representing the commercial, multifamily and residential financial industry, offering networking opportunities and educational programs. A broad spectrum of firms and individuals choose membership in the MBAofNY, including mortgage bankers and brokers, commercial and investment banks and other institutional lenders, title companies, attorneys, accountants, appraisers, environmental and construction advisory firms.

About Joshua Stein PLLC
Joshua Stein is the sole principal of Joshua Stein PLLC, a New York-based law practice established in 2010 focused on commercial real estate financing, ground leases, space leases, development, hotel transactions, acquisitions, and workouts. In September 2014, his name appeared first in the "Who's Who Legal" list of the most highly regarded real estate lawyers in the Americas. His legal practice enjoys a wide client base ranging from global banks to major developers to individuals acquiring LLC interests in small apartment buildings or negotiating leases for their first retail spaces. For more information, please visit www.joshuastein.com.

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