PAUL M. FRIED, Traxi, LLC
Paul Fried is a Managing Director at Traxi. His experience spans investment banking, distressed assets acquisition, workout and recovery, securitization, high-yield structured finance, equity joint ventures and fund raising. He’s handled over $10 billion in distressed assets, loans and securities.
Mr. Fried previously was a Principal with AFC Realty Capital where he originated high-yield structured real estate financings and spearheaded the firm’s Restructuring and Re-capitalization practice.
Before that, Mr. Fried was Principal and Chief Operating Officer of Allegiance Capital Partners, a structured finance firm focused on mezzanine investments and specializing in providing subordinate capital behind CMBS loans.
As Director at Deutsche Banc Mortgage Capital, he oversaw the Transactional Group, handling loan underwriting, due diligence and closing. He served as a member of the company’s investment committee.
Mr. Fried has advised private equity firms and hedge funds on real estate investments, including workouts and restructurings, joint ventures and structured lending.
As an attorney with Milbank, Tweed, Hadley and McCloy’s Bankruptcy and Corporate Reorganization group, he advised financial institutions, investment banks and subordinate bondholders in bankruptcy matters and distressed transactions. His experience includes buying distressed bonds and notes and handling environmentally impacted real estate.
Mr. Fried holds his BA from Rutgers College where he graduated with distinction. He earned his JD from Rutgers University Law School and was an editor of the Law Review. He is a council member of Urban Land Institute, an international real estate industry organization. He also serves on the Advisory Board of 1st Service Solutions, which advises borrowers on workouts with special services.


DANIEL RUBOCK, Moody's Investor Services
Dan Rubock is Senior Vice President with the Commercial Real Estate Finance Group at Moody’s Investors Service. Dan is the group’s chief counsel, helping Moody’s develop its policy for structural and legal issues in CMBS. He has authored over 30 special reports and rating methodologies at Moody’s. Prior to joining Moody’s in 1999, he practiced law for nearly 20 years with Cadwalader Wickersham & Taft, Dechert Price & Rhoads and White & Case, concentrating in commercial real estate law and real estate litigation. He is a graduate of Yale College and Columbia University Law School. He was elected a Fellow of the American College of Real Estate Lawyers in 2007, and is a Certified Mortgage Banker.


JOSHUA STEIN, ESQ., Latham & Watkins
Joshua is a partner at Latham & Watkins LLP (New York office), where his practice emphasizes acquisitions, financing, loan workouts and renegotiations, leasing (particularly ground leases), development, and hotels across the country and internationally. He is a member of the American College of Real Estate Lawyers and the American College of Mortgage Attorneys, and chaired the New York State Bar Association’s Real Property Law Section for the year ending in May 2006. Since 1997 he has chaired the Practising Law Institute’s annual two-day seminar on commercial real estate financing. He has written four books and well over 150 articles on commercial real estate law and practice and is one of the leading writers on these topics in the United States. His name regularly appears in published lists of leading lawyers, such as the Chambers guides. Since 1997, he has operated a website called www.real-estate-law.com, offering reprints of many of his articles and information about his books. He received his undergraduate degree from University of California and his law degree from Columbia University, where he was a managing editor of the law review.