Junior Professionals Workouts Webinar
Thursday, June 11 3:00 PM EST to 4:00 PM EST
Please join members from the Paul Hastings Real Estate Finance team on Thursday, June 11th as they discuss key considerations for workouts including:
Pre-Negotiation Agreements including when a PNA is necessary and negotiated provisions.
Reservation of Rights Letters and Default Notices including purpose, when to send, and the nature of the default.
Forbearance Agreements including purpose, when the forbearance terminates, and important negotiated provisions.
Status of Loan in the Secondary Market including repurchase facilities, CLOs, securitization trusts, and how these affect workout possibilities and the process of modifying a loan.
Relevance to COVID-19 Crisis & Common Loan Modifications including modified LIBOR floors, waiver of certain reserve requirements and permitting SBA loans.