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The new generation of CMBS deals go under the microscope.

The Mortgage Bankers Association of New York, Inc. (MBA of NY), a professional group dedicated to promoting the welfare of the multifamily and commercial real estate finance industry in New York, has announced that it will host an educational breakfast seminar on Tuesday, Oct. 12.

Titled "CMBS 2.0--The New Generation of Deals and How It Will Affect the Larger Financing Markets," the seminar will focus on the newly originated commercial mortgage loans that are once again being securitized in commercial mortgage-backed securities (CMBS) transactions.

To be held from 8 to 10 a.m., the breakfast seminar will feature David Rodgers, principal of Park Bridge Financial, and Kevin Blauch, partner at Latham & Waikins LLP, as guest speakers. The event will be held at Club 101, located at 101 Park Avenue in New York City.

"Today's CMBS deals differ in some important ways from what we saw in the last cycle," stated MBA of NY Education Committee chairman Joshua Stein, who will moderate the event.

"No single standard has yet emerged, as market participants feel their way around a new world. Our breakfast seminar will provide lenders who compete against CMBS conduits for deals with some important pointers and an understanding of the new competitive landscape."

The seminar will examine the structural differences of today's CMBS deals, and will look at some further changes that AAA-bond investors want to see. The speakers will also explore, from a larger perspective, why the government wants to support the CMBS market and why anyone else should care about CMBS.

The seminar will also briefly examine the world of special servicing--Who are the special servicers? What power and influence do they wield in today's market?--and the government's efforts to regulate structured finance, including through the massive Dodd-Frank financial regulation bill and the SEC's proposed revised Regulation AB.

Rodgers is a 25-year veteran of the private and public commercial real estate finance markets. He led securitization groups first at Prudential Securities and later at Merrill Lynch & Co., converting over $70 billion of commercial mortgages to CMBS.

Blauch's practice focuses primarily on all aspects of Structured Finance, with a recent particular focus on representation of various depositors/issuers, underwriters/ initial purchasers and originators/sellers of mortgage loans in a wide range of CMBS transactions.


Registration for "CMBS 2.0--The New Generation of Deals and How It Will Affect the Larger Financing Markets" will begin at 7:45 a.m. The cost of the seminar is $50 for members or $65 for non-members. Walk-ins are welcome, but reservations are preferred.

To register, download a registration form at www., call 516-997-3707 or e-mail For event sponsorship, call 516-997-3707.

The Mortgage Bankers Association of New York, Inc. is the statewide organization in New York that is recognized by the national Mortgage Bankers Association. Since 1948, it has represented the commercial and multifamily real estate financial industry and has given its members opportunities for high quality networking, educational programming and advocacy.

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Comment:The new generation of CMBS deals go under the microscope.
Publication:Real Estate Weekly
Date:Oct 6, 2010
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