CMBS 2.0 : Conduit Lending in 2010

Tuesday, September 14th, 2010* | Omni Hotel, San Francisco

*Please note new schedule

$65 for members $75 for guests and walk-ins
Special: $50 for members age 35 and under

6:00 to 6:45 pm – Cocktail Reception
6:45 to 8:30 pm* – Dinner & Program

Please join us for a lively and in-depth discussion on the reemergence of securitized lending in 2010. The discussion will be led by seasoned industry leaders who were witness to peak CMBS issuance of over $230 billion in 2007 and who are now leading the recovery. While both Goldman Sachs and JP Morgan have successfully securitized two conduit pools totaling just over $1.4 billion so far this year, other players have been actively lending with an eye towards securitization in the coming year. The discussion will be geared toward current underwriting parameters and finding out what works for CMBS 2.0 based on real deals being made by our panelists.

MODERATOR

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Eric Von Berg | Principal, Newmark Realty Capital, Inc.

Eric Von Berg, CMB, is a well-respected leader in the field of Commercial Property Finance. He is a former chairman of the California Mortgage Bankers Association and sits on the Commercial Board of Governors (COMBOG) for the Mortgage Bankers Association of America. He began his real estate career as a designer, training in landscape architecture and site planning at U.C. Berkeley followed by an MBA at the Wharton School of Business. In 1979, Eric joined E.S. Merriman and Sons in San Francisco as an owner before joining Norris, Beggs and Simpson in 1985 as Director of Finance. In 1990 Eric joined William C. White at G & W Management Company, now Basin Street Properties. Most recently Eric joined Newmark Realty Capital, Inc. in 1993 where he has been a principal since. Eric is active in several professional organizations and often speaks at BAMA, ICSC, NAIOP, SIOR, CMBA, MBA, BOMA, ULI and CMSA seminars. He is a licensed California Real Estate Broker and Certified Mortgage Banker.

PANELISTS

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Alan Flatt | Principal – Regional Manager – West Coast, Bank of America Securities

Alan Flatt has worked at Bank of America Merrill Lynch since 2002. Currently, Alan is the west coast regional manager responsible for fixed rate, non-recourse commercial real estate loans originated for CMBS. He is currently located in the Irvine, California office and has also worked in the San Francisco, California office. During his time at Bank of America, Alan has originated over $2 billion of loans in every major west coast market. Prior to Bank of America Merrill Lynch, Alan worked at Acacia Bank, Nomura Securities and GE Capital. All of those positions involved commercial real estate loan originations. Prior to working for lending institutions, he started his career as a mortgage banker in Chicago with Baird and Warner (now Northmarq). He received his MBA in finance and real estate from University of Michigan and also received his undergraduate degree from University of Michigan.

Craig Picket | Executive Director, Ladder Capital Finance, LLC

Craig Picket is an Executive Director within the origination team of Ladder Capital. He is responsible for sourcing, structuring and closing both fixed and floating rate loans, on all property types, to be held on book and for securitization. Prior to joining Ladder Capital, Mr. Picket spent over 10 years at Deutsche Bank as a Managing Director in their Real Estate Capital Markets Group. He was consistently a top performing banker and personally closed over $5 billion in loans during his time there. Mr. Picket has approximately 20 years experience in the commercial real estate industry. He holds a M.S. in Real Estate Investment and Development from New York University and a B.A. from the University of Massachusetts at Amherst.

Alan Fox | Managing Director, FundCore Finance Group

Alan Fox brings over 12 years of experience in CMBS origination to his current role as Managing Director of the West Coast branch of FundCore Finance Group. FundCore is a commercial real estate lending platform focused on the acquisition and origination of high-quality first mortgage loans, mezzanine loans and preferred equity on performing assets. FundCore brings together the combined expertise of the team that ran commercial real estate lending at Merrill Lynch for the past decade. Alan most recently was Head of Western Region Origination at Merrill Lynch for six years. His other Western Region CMBS origination experience comes from several years each at Banc of America Securities, Chase, and Nomura. Alan graduated with a BS in Real Estate Finance from USC and holds an MBA in Corporate Finance and Real Estate from the Red McCombs School of Business at the University of Texas at Austin.