The COVID-19 pandemic has brought a series of challenges not previously seen. As a result, commercial loan workouts are on the rise after an extended bull market in terms of real estate and other economic indicators. The Nuts and Bolts of Commercial Loan Workouts During a Pandemic-Problems and Opportunities CLE will address the following topics from a borrower and lender perspective:

  • An overview of the due diligence and planning considerations that exist during the life of a loan modification/workout
  • Triggering events and other important factors that impact workout strategies
  • The various types of workout resolutions: Pros, Cons and Opportunities
  • Overview of One Action Rule and what it means for lenders
  • Foreclosure: Now what?
  • Bankruptcy Considerations: Benefits, Risks, Pre-Packaged Bankruptcy and ‘Stalking Horse’ Sales

Jerry Ruiz is a business transaction and commercial real estate lawyer who has led hundreds of transactions throughout the United States and abroad on behalf of his financial institution and corporate clients, first as in-house counsel at one of the world’s largest retail banks, then at AlvaradoSmith. He has seasoned expertise in real estate secured lending and in-depth knowledge and understanding of the ins and outs of loan modifications. Additionally, Jerry handles corporate real estate matters, particularly tenant-side lease acquisitions of retail, office, warehouse and research and development space. And, Jerry represents banks making private equity/non-traditional investments under the federal Community Reinvestment Act (CRA) in Community Development Financial Institutions (CDFIs) and assists private foundations to make mission-driven investments and program-related investment (PRI) loans.

The CLE may be limited to NAMWOLF members. For more information and to register, please visit NAMWOLF’s CLE registration page.