Securitization & Troubled Real Estate Loans

Securitization of commercial real estate loans using CMBS or CRE CLO legal structures is a highly complex area. Special Servicers who deal with non-performing securitized loans must comply with intricate and arcane securitization rules. These complexities are in addition to general issues involving troubled CRE loans held by portfolio lenders such as insurance companies and commercial banks. The course requires a solid basic understanding of CRE underwriting and valuation, however, no prior securitization knowledge is assumed. The in-depth experience of the professor is enhanced by guest lecturers from a major law firm and a senior loan servicing expert. Complex legal topics will be explained in a digestible format suitable for professionals in any area of commercial real estate, including financial institution loan officers, distressed debt investors, and owners of commercial real estate.   
Continuing Education Units (CEU) : 1

You'll walk away with

• An understanding of CMBS and CRE CLO securitization.
• An understanding of judicial foreclosure (including UCC foreclosure) and receivership.
• An understanding of how CMBS and CRE CLO loan documents impact the workout process.
• A solid understanding of CMBS and CRE CLO special servicing.
• A sophisticated understanding of the roles and motivations of industry players involved in CMBS and CRE CLO workouts.