Monday, July 6th, 2015
7:21 AM
Registration & Breakfast for all Pre-Conference Session Attendees
7:21 AM
Pre-Conference Bank Only Closed Door Discussion
This meeting has been a highlight of the forum and will be hosted and attended by special asset/special servicers and real estate restructuring representatives from banks only to candidly discuss the key issues of the day in an open, Q&A format where all are encouraged to participate.

SPEAKERS:

  • Kenneth Grams, President & CEO (KINETIQ GROUP)
7:21 AM
Registration & Breakfast for all Attendees
9:00 AM
Remarks from IMN
9:05 AM
Current Macroeconomic Issues
• Shadow inventory: Has it come into the light? • Loan maturities on the horizon- Is the sheer volume an issue? • Cost of increased regulatory compliance • Residential market over-exuberance • Are the 24-hour cities overvalued? Are the secondary cities undervalued? • Market conditions going forward: How do you think they will change workouts?

SPEAKERS:

  • Tim Buss, SVP, Special Asset Solutions (NAI GLOBAL)
  • Justin Barr, President (BANKDATAWORKS.COM)
  • Jon Winick, President (CLARK STREET CAPITAL)
  • Michael Iannaccone, President (MDI INVESTMENTS, INC.)
7:21 AM
Extend vs. Sale vs. Invest: As the Economy, Certain Geographies & Product Types Improve are you Treating New Workouts & Second Trips Differently from Troubled Locations and Asset Types?
• What parts of your portfolio are improving? Disappearing? Is it a sellers’ market now? • Cash flow vs. Valuation improvements • How are you treating smaller, worse-off loans? • Selling vacant leases • Can we extend and pretend under the current regulatory regime? • Evaluating the pitfalls of existing remedies • Is the first loss your best loss? • One-offs vs. regular customers • Rescue capital yield: Is it becoming more reasonable? • Current recovery rates • Do you really want to own this property? • Cost of carry • Considering lien issues, attorney cost & Foreclosure time period • Impairment regulations • Cash flow analysis • Recent changes in credit policy to insure no triple trips

SPEAKERS:

  • Christopher Seyfarth, Partner, Transaction Advisory Services/Transaction Real Estate (ERNST & YOUNG LLP)
  • Martin Kearney, Vice President (FIFTH THIRD BANK)
  • Jamie Hadac, EVP (FORESITE REALTY PARTNERS)
  • Steven 'Sonny' Ginsberg, Member (GINSBERG JACOBS LLC)
  • Charmaine Ali, Senior Vice President (NEWMARK GRUBB KNIGHT FRANK CAPITAL GROUP)
  • Ken Wojciak, Team Leader Special Assets Group (U.S. BANK)
7:21 AM
Regulatory Update & Compliance: Dodd-Frank, The Volker Rule, BASL & State Foreclosure Laws
• Credit bidding: The latest • Anything new from the federal government on foreclosures? • Capital requirement update • Freddie/Fannie and modifications to non-owner occupied • Valuations • Classifieds-to-capital ratio: What is the magic number? • Cost of compliance • Fannie Mae and Freddie Mac Uniform Mortgage Data Program update • Documentation needed • A comparison among local state foreclosure laws and process length • Any new developments from the state capital? • The courts… • What foreclosure statutes to pay attention to • Foreclosure defense strategies & making sure the case is valid • Borrowers in foreclosure seeking reinstatement • Lien prioritization • Assignment of sale of loan

SPEAKERS:

  • Steve McGlothlin, Executive Vice President (OLD NATIONAL BANK)
  • Jim Bonner, Attorney (BROCK & SCOTT ATTORNEYS, PLLC)
  • Timothy Howard, Attorney and Advisor (HOWARD & HOWARD ATTORNEYS PLLC)
  • Robert Kline, Principal & CEO (RW KLINE COMPANIES)
  • Brian Valenti, Supervisory Financial Analyst (US FEDERAL RESERVE BOARD OF GOVERNORS)
11:05 AM
Refreshments
7:21 AM
Selling Assets in a Bankruptcy Setting
• Taking a property into OREO through bankruptcy, automatic stay & foreclosure in judicial vs. non-judicial states • What are some of the obstacles to effectuate asset sales in bankruptcy? • Circumventing an owner’s reluctance to file for bankruptcy due to concern over a “bad boy” guarantee trigger? • Are there risks peculiar to bankruptcy that you seek to avoid? • Lessons learned from 363 sales • How much do you worry about junior lenders obstructing the bankruptcy process? • CMBS debt issues • Selling assets pursuant to a bankruptcy plan as opposed to a 363 sale? • Selling loans back to the borrower

SPEAKERS:

  • Tim Mazzetti, Partner, President (COHEN FINANCIAL)
  • Jeffrey Close, Partner (CHAPMAN AND CUTLER LLP)
  • Navin Nagrani, Executive Vice President (HILCO REAL ESTATE)
  • Alex Moglia, President (MOGLIA ADVISORS)
  • Lori Kohn, Vice President, Special Assets Group (NORTHERN TRUST )
  • Pat O'Keefe, Managing Member (O'KEEFE & ASSOCIATES)
7:21 AM
Hotel Workouts: What are the Best Ways to Raise your ROI?
• Managing REO hotel assets • How are your handling new ADA regulations? • Selling assets in bankruptcy • Credit bid update • What kind of fraudulent activities have you seen in the hotel world? • When is locking up the hotel the best solution? • Keys for guarantees • Rescue capital: What type of hotels, brands and geographies? • What are the conditions that lead some deals to work out vs. receivership/REO? • What is the role of the receiver? • Assessing the value of the brand • How to work with them their PIPs

SPEAKERS:

  • Michael Nanosky, President & CEO (JANUS HOTELS & RESORTS)
  • James Buell, Vice President, Special Assets Manager (AMERIANA BANK)
  • Doug Johnson, Managing Director (CBRE)
  • Peter Connolly, EVP (HOSTMARK HOSPITALITY GROUP)
  • Alex Moglia, President (MOGLIA ADVISORS)
  • Gianluca Montalti, Vice President (TORCHLIGHT INVESTORS)
1:05 AM
Luncheon
2:05 AM
Why Workouts Sometimes Don't Work Out
• How to tell your borrower, who the bank has a long term relationship • Why CMBS workouts don’t work out • Different asset classes: What doesn’t work out? • Loan vs. REO: Comparing reasons for failure • Residential vs. Commercial properties • C&I/CRE loans • Structured & Securitized products • Receivership & Asset management issues • Surveillance & Review

SPEAKERS:

  • David Fischer, Partner (EDWARDS WILDMAN PALMER LLP)
  • Jerry Pietroforte, Principal (ALVAREZ & MARSAL REAL ESTATE ADVISORY SERVICES)
  • Andrew Hundertmark, Managing Director - Special Assets (CWCAPITAL ASSET MANAGEMENT LLC)
  • Arthur van der Vant, Receiver, Assignee, Independent Administrator (ILLINOIS RECEIVER)
  • Steven Spinell, Principal (KINZIE REAL ESTATE GROUP)
  • Brian Pollack, Vice President - Global Restructuring Group (RBS CITIZENS)
7:21 AM
Buyer Plenary: What are you Looking for in a Bank When Buying a Note or REO?
• What should be in the due diligence package? • What kind of deals are getting done? • Pricing with docs vs. inadequate docs or without • Impact of liens • Risk factors you are looking for • The inspection… • Sale contract terms • Why did you walk away from the last deal due to a seller issue? • Reps and Warranties of a note acquisition

SPEAKERS:

  • Keith Alexander, Aquisitions Director (MOUNTAIN REAL ESTATE GROUP)
  • Josh Ufberg, Managing Director (ATALAYA CAPITAL MANAGEMENT LP)
  • Matt Goode, Principal (VENTURE ONE REAL ESTATE LLC)
  • Seth Singerman, President (SINGERMAN REAL ESTATE, LLC)
  • Daniel Shorr, Director of Acquisitions (SMS FINANCIAL, LLC)
7:21 AM
Refreshments
4:00 PM
Auctions: When are they your Best Option?
• How much value do you lose? • Residential vs. Commercial auctions • Receivership sales: Anything to be aware of? • Types of auctions • How to hire the right auction house • How to manage the auction process for greatest success • Price vs. Ability to close • Residential vs. Commercial properties • Auctioning Class “A” trophy properties

SPEAKERS:

  • Paul Brenneke, CEO (GUARDIAN)
  • Tim Mazzetti, Partner, President (COHEN FINANCIAL)
  • Stephen Taglione, Vice President and Senior Sales Manager (FIFTH THIRD BANK)
  • Michael Fine, Principal (FINE AND COMPANY)
  • Matt Corso, Chief Operating Officer (MARKNET ALLIANCE)
7:21 AM
Addressing & Repairing Loan Documentation Deficiencies Including Avoiding Lender Liability
• What should you be looking for in a document review? • Have there been successful lender liability cases by borrowers? • Estoppel/Waiver provisions • Borrower communication • Getting borrower cooperation to fix problems

SPEAKERS:

  • Anthony Nasharr, Shareholder (POLSINELLI SHUGHART)
  • Larry Johnson, Executive Vice President, Director of Special Assets (BUSEY BANK)
  • Kenneth Grams, President & CEO (KINETIQ GROUP)
  • Scott Frost, Attorney & Counsel (HOWARD & HOWARD ATTORNEYS PLLC)
  • Dev Strischek, SVP & Senior Credit Policy Officer (SUNTRUST BANK)
7:21 AM
Valuation, Loss Recognition & Determining how Much Allowance for Loan Loss
• Stress Testing • How are you treating & reviewing appraisers? Fire sale appraisals? • Impact of available capital • Changes in accounting treatment • Impact of loss on bank risk rating • Marking-to-Market • Impairment & Valuation • Appraisal time periods • Land comps • Internal valuation vs. External appraisal: What to do if different? • Loan vs. REO • Residential vs. Commercial properties

SPEAKERS:

  • James Buell, Vice President, Special Assets Manager (AMERIANA BANK)
  • Brian Bailey, Senior Supervisory Financial Policy Analyst (THE FEDERAL RESERVE BANK OF ATLANTA)
  • John Satter, Midwest Region Manager (HILCO REAL ESTATE APPRAISAL, LLC)
  • Dev Strischek, SVP & Senior Credit Policy Officer (SUNTRUST BANK)
  • Tim Clancy, Consultant ((EX) URBAN PARTNERSHIP BANK)
7:21 AM
Networking Reception Courtesy of:

7:21 AM
Day One Concludes
Wednesday, October 10th, 2012
7:21 AM
Breakfast is served
7:21 AM
Loan Modifications, Recaps & Non-Foreclosure Exit Options: Is it Worth the TDR and has the New Updated Guidance been Helpful?
• How helpful is the new guidance? • FASB TDR definition • Taking TDRs out of banks hands • A/B Notes • DC, local and different agency focuses • Concessions • And if the government isn’t enough… The internal auditors review • Tax implications • Pre-Negotiation agreements • Evaluating the role of the current owner • How secure are you with the collateral? • Foreclosing while the owner waits for a modification • Technology’s ability to handle TDRs

SPEAKERS:

  • Francis Keldermans, Partner (HOLLAND & KNIGHT LLP)
  • Gary Whittington, Business Unit General Counsel (AEGON USA REALTY ADVISORS, LLC)
  • Chris Friis, Senior Vice President, Chief Credit Officer (HOMESTAR BANK AND FINANCIAL SERVICES)
  • Clark Rogers, Senior Vice President (KEYBANK REAL ESTATE CAPITAL)
  • John Budyak, Managing Director - Special Assets (TALMER BANK)
  • Matthew Howe, Vice President (LAKESIDE BANK)
7:21 AM
Single Property vs. Bulk Disposition: Which Way Should you go?
• How do you decide whether to do a bulk or individual sale? • Auction sales v. direct sales? • Different asset classes • Evaluating online vs. Other methods • Note vs. REO • Retail vs. Wholesale prices • Vetting the buyer • Small balance loans • The auction option • Considering property size & portfolio • Comparing disposition costs vs. Portfolio discount • Residential vs. Commercial properties

SPEAKERS:

  • Sean McVity, Managing Partner (GARNET CAPITAL ADVISORS)
  • Geoffrey Wood, Senior Vice President (CWCAPITAL ASSET MANAGEMENT LLC)
  • Jamie Hadac, EVP (FORESITE REALTY PARTNERS)
  • Richard Levine, Managing Director (GUARDIAN)
  • Kirsten Helma, Vice President, Manager of Real Estate Dispositions (MB FINANCIAL BANK, N.A.)
10:10 AM
Note Sale Decisions for the Seller
• Mechanics & Performance • FDIC Sales • Owner financing • Selling CMBS vs. Whole loans • Connecting with buyers • Comparing disposal means • Valuing notes vs. how much of a hit your capital can take • Dealing with recourse • Selling under bank regulatory restrictions • Liability assumptions • Price vs. Ability to close • Selling the note back to the borrower • C&I/CRE loans

SPEAKERS:

  • Julie Tanaka, CEO and Principal (COMPENDIUM CAPITAL GROUP)
  • Michael Carp, Executive Vice President (BERKADIA COMMERCIAL MORTGAGE LLC)
  • Charlie Kepner, Special Asset Manager (FIRST BANKS, INC)
  • Craig Sherman, Senior Note Sale Advisor (NEWMARK GRUBB KNIGHT FRANK)
7:21 AM
Refreshments
7:21 AM
Collecting/Enforcing/Selling/Buying Loan Deficiency Judgments
• Maintaining the property • When to walk away vs. when to settle • Determining if you would get a better ROI holding or selling • What are the factors that determine a price? • Selling assets in bankruptcy • Avoiding transfer & other taxes and fees • Legal fees • Pooling & Structuring considerations • In-house vs. External collection • Deficiency Judgment after Short Sales • International clients • Residential vs. Commercial properties

SPEAKERS:

  • Jerry Switzer, Attorney (POLSINELLI PC)
  • Thomas Lombardo, Attorney (GINSBERG JACOBS LLC)
  • Chris Friis, Senior Vice President, Chief Credit Officer (HOMESTAR BANK AND FINANCIAL SERVICES)
  • Steve McGlothlin, Executive Vice President (OLD NATIONAL BANK)
  • Tim Clancy, Consultant ((EX) URBAN PARTNERSHIP BANK)
12:00 AM
Discounted Payoffs, Deeds-in-Lieu & Structured Sales
• Do you have an aversion to a DPO? Once you give one customer a DPO do all want it? • DPO vs. Third-party buyer; Sell vs. Foreclose • DPOs & TDRs • Financing the DPO • DPO restrictions • Tax consequences • When is a deed-in-lieu the best option?

SPEAKERS:

  • Larry Johnson, Executive Vice President, Director of Special Assets (BUSEY BANK)
  • Henry Bieber, Managing Director (ARES MANAGEMENT)
  • Michael Carp, Executive Vice President (BERKADIA COMMERCIAL MORTGAGE LLC)
  • Kenneth Krejca, Director ((EX) C-III ASSET MANAGEMENT, LLC)
  • Matthew Howe, Vice President (LAKESIDE BANK)
7:21 AM
Conference Concludes
Event Contacts
Managing Director
Andy Melvin
(212) 901-0542
amelvin@imn.org
Senior Vice President/Director of Progamming
Steve Glener
(212) 901-0536
sglener@imn.org
Head of Conference Coordination
Natalie Smith
(212) 224-3508
nsmith@imn.org
Vice President - Sales
Robert Bass
(212) 901-0535
rbass@imn.org
Head of Sales - Real Estate
Todd Rosenberg
(212) 901-0552
trosenberg@imn.org
Venue
Hyatt Regency Chicago

Phone: 1-312- 565- 1234
Fax: 1-312-239-4414
Website: http://chicagoregency.hyatt.com/hyatt/hotels/

151 East Wacker Drive,
Chicago, IL,
USA


Please see below for suggested hotels nearby.

Hotels
Hotel 71

71 East Wacker Drive
Chicago, IL, 60601
USA

Phone: 312-346-7100

JW Marriott Chicago

151 West Adams Street
Chicago, IL, 60603
USA

Phone: 312-660-8200

InterContinental Chicago

505 North Michigan Avenue
Chicago, IL, 60603
USA

Phone: 312-944-3100

Gold Sponsors
Bronze Sponsors
Cocktail Reception Sponsor
Media Partners