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My Client's Commercial Real Estate Mortgage is Due, Now What? (Live Replay from January 16, 2020)

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Description

When a commercial real estate loan comes due, there are, generally, three alternatives for clients: refinance the loan, if possible; sell the property, if possible; or restructure the development's capital structure, perhaps with more equity. There are complex tradeoffs with each.

Renegotiating an extending a loan is time-consuming, even when lenders are willing, and potentially very costly. Selling a project in a frothy market is a possibility, but not universally, and may trigger adverse tax consequences. Most murky of all is restructuring the capital structure of project.

This program provides a practical guide to the issues of working with clients when their commercial real estate loans come due.

  • Alternatives when a commercial real estate mortgage comes due
  • Exploration of refinance options in an environment ofvolatile interest rates
  • Role of preferred equity, mezzanine loans, and second mortgages
  • Alternative of selling into a strong market
  • Counseling clients about refinance in a time of certainty

Contributors

  • Anthony Licata

    Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm's real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.

    Click here for more information about Anthony.

September 28, 2020
Mon 1:00 PM EDT

Duration 1H 0M

This live web event has ended.

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