As a result of the financial crisis, credit to all businesses including property owners, and financial institutions, The Fed created the Term Asset-Backed Securities Loan Facility. TALF’s main goal was to help thaw the credit freeze and strengthen the US economy by injecting hundreds of billions into the credit market averting what some believed would have been a complete collapse of the US financial system. In order to keep the recovery momentum going, members of congress have signaled that they will extend the program for another year.
This live webcast will focus on one of the hardest hit industries: the $6 trillion commercial real-estate market. Many in this industry feel that TALF is just starting to work and needs to continue in order to completely thaw the market.
The Future of TALF and its Impact on the Commercial Real-Estate Market LIVE Webcast is a must attend event for professionals in the commercial real-estate industry seeking to understand the likely future of TALF and its potential impact on the market. The Knowledge Group is assembling a panel of industry experts, key regulators and thought leaders who will help you understand how to navigate these murky waters with an emphasis on best practices moving forward.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 093898
Kevin L. Petrasic
Of Counsel, (Former Special Counsel, Managing Director of External Affairs, Director of Congressional Affairs, Legislative Counsel, and Assistant Chief Counsel, U.S. Treasury Department’s Office of Thrift Supervision)
Alan L. Todd, CFA
Managing Director, Head of CMBS Research
David Jacob
Executive Managing Director, Head of Global Structured Finance
James R Woodwell
Vice President of Commercial Real Estate Research
Kevin L. Petrasic, Of Counsel, (Former Special Counsel, Managing Director of External Affairs, Director of Congressional Affairs, Legislative Counsel, and Assistant Chief Counsel, U.S. Treasury Department’s Office of Thrift Supervision), Paul, Hastings, Janofsky & Walker LLP
- Has the TALF really helped?
- Prospects for further extensions of TALF
- TALF CMBS ... A Legacy Success and New Issuance Failure?
- Lessons Learned ... keep it simple and transparent
David Jacob, Executive Managing Director, Head of Global Structured Finance, Standard & Poor’s
- Gauging the TALF Program's Success Amid Increasing ABS Issuance and Tightening Spreads
- Current State of the CMBS markets - Will TALF Expansion Restore Liquidity?
- How Much Stronger Are the ABS Markets Today? Can They Stand On Their Own Without TALF?
Alan L. Todd, CFA, Managing Director, Head of CMBS Research, J.P. Morgan Securities Inc.
- Capital markets are improving - legitimate or a head-fake?
- Has the recent bond market rally run too far or is there more opportunity ahead?
- The future of the CMBS market - down and out or a brief hiatus?
- How much have commercial real estate prices fallen and how will borrowers refinance?
James R Woodwell, Vice President of Commercial Real Estate Research, Mortgage Bankers Association
TALF in the broader context
- Availability of capital
- Demand for capital
- Myths about commercial mortgage debt
- TALF as a backstop
- CEOs
- CFOs
- Risk Officers
- General Counsel
- Attorneys
- Managing Directors
- Fund Managers from:
- Commercial Properties contractors
- Real Estate Investment Trusts (REITS) (Hotel REITs; Industrial REITs; Retail REITs)
- Commercial Developers
- Commercial Real-Estate Lenders
- Consultants
- Commercial Real-Estate Attorneys
This is a must attend event to fully understand the important issues surrounding TALF and its impact on the commercial real-estate market
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A