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Understanding Mezzanine Loans/Preferred Equity in Real Estate (teleseminar)
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This program will provide you with a real world guide to the economics of mezz loans and preferred equity, drafting the most important provisions of these instruments, and planning for their use in commercial real estate transactions.

7/16/2018
When: 07/16/2018
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781


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One-hour CLE programs are just a phone call away
Convenient, affordable, timely and informative
 
An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

 
UNDERSTANDING MEZZANINE LOANS/PREFERRED EQUITY IN REAL ESTATE, 1CLE hour
 

Mezzanine loans and preferred equity in real estate are “equity gap” fillers. Lenders generally require borrowers to provide a certain ratio of equity to the overall value of the project.  If the borrower is unwilling unable to provide additional capital, and the lender still wants to make the loan, they often turn to mezzanine loans and preferred equity to bridge the gap.  Mezz loans and preferred equity, to varying degrees, have characteristics of debt and equity.  These equity gap fillers are essential to many real estate transactions but they are difficult to plan and draft.  This program will provide you with a real world guide to the economics of mezz loans and preferred equity, drafting the most important provisions of these instruments, and planning for their use in commercial real estate transactions. 

How mezzanine loans and preferred equity fit into the capital structure of commercial real estate
Economics of “equity gap” filling instruments 
Reviewing/drafting key provisions of mezzanine loan documentation 
Determining and drafting right incentives for preferred equity versus common equity
Tradeoffs for developers and sponsors of using one or the other instrument 
Risks and traps of using these equity gap fillers
Alternatives to mezz loans and preferred equity

Speakers:
Richard R. Goldberg is a retired partner, resident in the Philadelphia office of Ballard Spahr, LLP, where he established an extensive real estate practice, including development, financing, leasing, and acquisition.  Earlier in his career, he served as vice president and associate general counsel of The Rouse Company for 23 years.  He is past president of the American College of Real Estate Lawyers, past chair of the Anglo-American Real Property Institute, and past chair of the International Council of Shopping Centers Law Conference.  Mr. Goldberg is currently a Fellow of the American College of Mortgage Attorneys and is a member of the American Law Institute.  Mr. Goldberg received his B.A. from Pennsylvania State University and his LL.B. from the University of Maryland School of Law.



*(Teleseminar courses qualify for self-study credit only)  

 

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