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My Client's Commercial Real Estate Mortgage is Due, Now What? (Live Replay from May 30, 2022)

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Description

When a commercial real estate loan comes due, there are typically three alternatives for clients: refinance the loan, sell the property underlying the mortgage, or restructure the property's capital structure, perhaps by adding more equity. There are complex tradeoffs with each alternative.

Renegotiating a loan extension is time-consuming, even when credit is available. Selling the property, especially in a strong market, may trigger adverse tax consequences. Most murky of all is restructuring the capital structure of project. Is the owner willing to add more equity to the 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 of volatile 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

  • John S. Hollyfield

    John S. Hollyfield is of counsel and a former partner in the Houston office Norton Rose Fulbright, LLP. He has more than 40 years' experience in real estate law practice. He formerly served as chair of the ABA Real Property, Probate and Trust Law Section, president of the American College of Real Estate Lawyers, and chair of the Anglo-American Real Property Institute. He has been named a "Texas Super Lawyer" in Real Estate Law by Texas Monthly magazine and is listed in Who’s Who in American Law. He is co-editor of Modern Banking and Lending Forms (4th Edition), published by Warren, Gorham & Lamont. He received his B.B.A. from the University of Texas and his LL.B. from the University of Texas School of Law.

    Click here for more information about John.

  • 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.

December 23, 2022
Fri 1:00 PM EST

Duration 1H 0M

This live web event has ended.

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