The Future of Real Estate Mezzanine Financing Amidst COVID-19
Available On-Demand
About the virtual event
iGlobal Forum boasts of a long history of organising the most established real estate senior-level conferences. One of these is Real Estate Mezzanine Finance Summit, designed by and for the U.S. real estate mezzanine financing industry. Despite the circumstances we are facing now due to pandemic that had stopped us from meeting face to face, iGlobal Live is the answer to continue the conversation and keep you informed whilst preparing you for:
The Future of Real Estate Mezzanine Financing Amidst COVID-19.
Our virtual event brings together both lenders and borrowers together to discuss these key and pertinent issues in this capital saturated market.
Key topics include:
- Immediate impact of the virus crisis on asset level cash flows and values.
- Credit implications on pricing and structure for high yield CRE debt
- C-PACE financing for retroactive financing or cash out for projects done within the past few years
- Massive liquidity shortage across many CRE lenders.
- Banks, CMBS and other lenders have been actively doing “COVID re-trades” on advance rate sparking a need for more borrower equity
- Agency Debt and other lenders requiring more Interest Reserves which increases borrower out-of-pockets.
- Hospitality, Retail, and Multifamily will likely need to tap mezz/pre equity market for more capital to cover operating and debt service shortfalls
- Mezz Lenders in those product types will likely be faced with some tough decisions (modify or exercise remedies) over the course of the next 90 days.
Panelist
Mr. Tanna is head of Basis’ structured investment team. Prior to joining Basis Investment Group, Mr. Tanna was Vice President at Terra Capital Partners responsible for deal originations, underwriting, closing and also asset management. Mr. Tanna has been involved in over $250 million of mezzanine and preferred equity financings across over 50 transactions and over 6 million square feet in acquisitions valued at over $1.3 billion.
Shaunak Tanna
Head of Structured Investments
BASIS INVESTMENT GROUP, LLC
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Mr. Tanna worked on debt and equity placements for The Greenwich Group International, an affiliate of Terra Capital. Mr. Tanna received an MBA from CUNY’s Baruch College and is a member of the Institute of Chartered Accountants of India. Mr. Tanna is a member of the Urban Land Institute and was an Adjunct Professor in the real estate department of Baruch College’s Zicklin School of Business.
Panelist
Jessica Bailey co-founded Greenworks Lending, LLC (GWL) in 2015 with the goal of accelerating Property Assessed Clean Energy-financed clean energy projects throughout the United States.
Jessica Bailey
CEO & Co-Founder
GREENWORKS LENDING
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Prior to GWL, Bailey was with the Connecticut Green Bank as the Director of Commercial and Industrial Property Assessed Clean Energy (C-PACE), where she joined in August 2012. In this role, she designed an award winning state-wide PACE program that allows building owners to access financing to perform clean energy improvements on their properties. In its first two years, the program approved $75 million in clean energy projects and executed the first securitization of commercial efficiency assets. According to the Hartford Business Journal in 2015, “Jessica Bailey and her team at the Green Bank transformed the Commercial Property Assessed Clean Energy (C-PACE) program from words on a legislative bill in 2011 to a fully functioning initiative that is highly regarded as the national standard for PACE programs around the country.”
Bailey worked from 2004-2012 at the Rockefeller Brothers Fund (RBF), an $800 million foundation based in New York. As the Fund’s program officer for sustainable development, she co-managed a $7 million portfolio of grants focused on combating climate change and promoting clean energy. Prior to joining the RBF, Jessica spent time working at the United Nations, Physicians for Social Responsibility, and on a research project in Ecuador.
In 2015, Bailey was appointed to the Board of PACENow, the leading industry association and advocacy organization for PACE. She was named a “Champion of Change” by the White House for solar deployment in 2014. The Hartford Business Journal dubbed her a “Green Warrior” for her work to design the successful Connecticut C-PACE program. She sits on the board of the New England Clean Energy Council. She received her graduate degree from Yale University and undergraduate from the University of Notre Dame. She lives in Connecticut with her husband and four children.
Panelist
John “Boots” Dunlap, has over a decade of experience in commercial real estate lending, having consulted and worked for numerous banks, insurance companies, and private equity firms to include Wells Fargo, JPMorgan Chase, Genworth, VärdePartners, and Fortress. During this time, he originated and managed over $750 million in middle-market commercial real estate bridge loans and consulted on $2.4 billion of distressed commercial real estate across the U.S.
BOOTS DUNLAP
Chief Executive Officer and Co-founder,
RRA CAPITAL
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Mr. Dunlap developed RRA’s state-of-the-art commercial real estate risk management and predictive valuation software platform (MQi®). He is a member of Urban Land Institute, Mortgage Bankers’ Association, Commercial Real Estate Finance Council, the National Association of Office & Industrial Properties, and various other industry organizations. Prior to founding RRA, Mr. Dunlap was an Infantry Officer in the US Army where he served in multiple combat tours to Iraq and Afghanistan earning him the Bronze Star, two Meritorious Service Medals, Combat Infantryman’s Badge, Ranger Tab, Airborne Wings, and numerous other distinguished leadership decorations. He is a graduate of the University of Virginia.
Panelist
Mr. Ing is President of Inggroups, a family run company. He has managed, operated and owned various real estate projects including multi purpose developments, residential and commercial projects. He and his partners often co-invest and put together a unique package of equity and debt for select projects. He also invests in technology companies with unique IP that are strategic investments related to the overall portfolio.
Samuel Ing
President
ING GROUPS
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Mr. Ing is also Managing Director and Partner of Saf-Glas and EnergyGlass, the only company with a market ready visually clear, not just transparent, renewable energy generating glass curtain wall and other building products that in some cases, they also finance as a co-investment or through some alternate structure. Mr. Ing graduated from New York University.
Register By |
April 23, 2020 |
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| Full Access plus on-demand recording | $99 |