Since 1948, the Mortgage Bankers Association of New York continues to offer its members endless opportunities for networking and education. A broad spectrum of firms and individuals choose membership in the MBAofNY, including mortgage bankers and brokers, commercial and investment banks and other institutional lenders, title companies, attorneys, accountants, appraisers, environmental and construction advisory firms. The MBAofNY continues to be a great place for lenders, their clients and consultants to the industry to meet and share their collective knowledge of the business and get deals done.
Upcoming Events
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Jul 25 | 10:00 am - 6:00 pm
MBA of NY Golf Outing New Date
Please note the new date for the MBA of NY Golf Outing -
Jun 27 | 10:00 am - 6:00 pm
MBA of NY Golf Outing
Please note the MBA of NY Golf Outing has been postponed due to incliment weather. The outing on 6/27 has been canceled. The new date is 7/25 -
Jun 16 | 5:00 pm - 7:30 pm
CANCELED- MBA of NY Scholarship Foundation Networking Fundraiser
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Jun 09 | 12:30 pm - 2:00 pm
The Capital Stack Presentation by Brad Lavender
In recent years, real estate equity and debt funds have played an increasingly significant role in commercial real estate. They have become one of the most common sources of funds in the capital stack of all types of commercial real estate transactions. Sometimes they are the sponsor, sometimes they provide equity capital to the sponsor, and sometimes they are a lender – but they are everywhere.
When a traditional mortgage lender encounters a fund in the capital stack, what types of questions does the lender need to ask? What specific issues might arise in the negotiations? What changes will need to be made to loan documents or intercreditor agreements to accommodate a fund or address issues that the counterparties may face in dealing with a fund? What concerns might a borrower have that is borrowing from a debt fund?
Brad Lavender, a commercial real estate partner at the law firm of haynes and boone, will discuss the above, including special issues to consider
when a fund is directly or indirectly a borrower or part of a borrower (including transfer restrictions and permitted transfers; fund due diligence; and KYC);
when a fund is a guarantor (including calculating net worth and liquidity; funds that are at the beginning of their fund life; and funds that are winding down); and
when a fund is a lender or co-lender (including any special transfer and financing rights that funds need; what special considerations funds need to be a “Qualified Transferee”; intercreditor agreements with funds; and other unique aspects of having a fund as a lender). -
May 03 | 8:00 am - 6:00 pm
The Future is Bright: Strategic Real Estate & Lending Summit 2022
