Real Estate Mezzanine Financing Forum

October 15th, 2024
New York

 

Are you navigating the double-edged sword of real estate debt? With higher-for-longer interest rates, there’s potential for both respectable returns and significant issues for existing investments. How can you turn these challenges into opportunities?

Join us at the Real Estate Mezzanine & High Yield Debt Financing Forum on October 15th, 2024, in New York City. This forum is tailored to cultivate strategic partnerships between borrowers and lenders, tackling the latest trends, challenges, and opportunities in real estate mezzanine and high-yield debt financing. 

You'll leave with insights on how to tap into the booming $100 billion mezzanine financing market to secure capital for your next deal, as well as an understanding of proactive risk management approaches and the power of protective covenants and CLOs in ensuring portfolio stability.

The Global Leaders in Real Estate summit kicks off with engaging plenary sessions in the morning, setting the stage for insightful discussions. In the afternoon, the agenda is divided into three forums, each focusing on specific topics. The Real Estate Mezzanine Financing Forum remains a crucial segment of these, specifically highlighting this vital component of real estate finance.

Network with leading:

  • Real estate mezzanine and senior lenders
  • Private debt and credit funds
  • Real estate owners, operators and developers
  • Mortgage REITs
  • Pension funds & endowments
  • Sovereign wealth funds
  • Real estate private equity firms
  • Investment banks
  • Independent Sponsors
  • Law firms & accounting firms

Below is the detailed agenda of the Real Estate Mezzanine & High Yield Debt Financing forum and to access the full summit agenda, please click here.

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Agenda

12:25 pm - Luncheon Workshop

Join your peers to discuss the most pressing issues in CRE today

1:20 pm - Chairperson's Welcome

1:30 pm - Panel Session: Unveiling the $100 Billion Mezzanine Money Machine: Fuel Your Next Deal Now!

The $100 billion dollar question: How do you tap into the booming mezzanine financing market? This session unlocks the secrets to securing the capital you need to dominate your next deal!

  • Navigate Rate Shifts Like a Pro: Master the art of forecasting mezzanine financing rates. Learn strategies to prepare for fluctuations and secure the best possible terms for your deal.
  • Investor Insights = Investment Success: Discover the key factors driving investor risk appetite and investment preferences.  Tailor your pitch and attract the right capital for your specific project.
  • Turn Market Shifts into Profits: Understand how upcoming CMBS loan maturities will impact market demand. Position yourself to capitalize on these shifts and fuel your next big deal.
Moderator

Dan Berman

Partner Kramer Levin

Daniel Ross Berman counsels developers, investors, lenders and operators in a range of real estate transactions, including acquisitions, dispositions, joint ventures, development deals, preferred equity investments, loans, leases, recapitalizations and restructurings. His work spans hospitality, industrial, health care, entertainment, retail, office, multifamily and mixed-use properties.

Dan has a national practice that includes acquisitions, dispositions and joint venture development deals across the country as well as a localized practice with an emphasis on complex development deals. For example, Dan is currently handling numerous redevelopment projects in New York City involving various religious and charitable institutions, each with different deal structures. These include ground leasing the land during development and dividing the ownership of the completed building between the developer and the institution by converting the property to a commercial condominium.  

Dan is a member of Kramer Levin’s Pro Bono, Ethics and Technology committees.

Shaunak Tanna

Executive Director PGIM Real Estate

Shaunak Tanna is an executive director at PGIM Real Estate. Based in New York, Shaunak is responsible for sourcing, underwriting, and structuring real estate investments including senior and mezzanine loans and preferred equity transactions for the eastern U.S. 

Prior to joining PGIM Real Estate, Shaunak was Head of Structured Investments for Basis Investment Group, LLC, where he was responsible for the firm’s mezzanine and bridge lending, and originated a range of investments across stabilized, development and transitional value-add properties. Before Basis, he was with Terra Capital Partners, LLC and its affiliate The Greenwich Group International, LLC. 

Shaunak has a Bachelor of Commerce in accounting and taxation from the University of Mumbai and a Master of Business Administration in real estate from Baruch College. Shaunak is also a Chartered Accountant, and an active member of the Advisory Board for Steven Newman Real Estate Institute of Baruch College.

Nitin Jagga

Vice President Goldman Sachs

2:00 pm - Panel Session: The Risk-Reward Revolution: Mastering Mezzanine Financing in the New Era!

Market downturns are inevitable, but your portfolio doesn't have to suffer. This session equips you with the revolutionary risk management strategies needed to thrive in the new era of mezzanine financing.

  • Beyond the Crash: Proactive Strategies for a Volatile Market: Learn from the past's failures and discover cutting-edge, proactive risk management approaches.  Anticipate potential issues and fortify your investments for any economic climate.
  • The Power of Protective Covenants: Master the art of using  protective covenants in loan agreements. Safeguard your interests and minimize losses even in downturns or borrower defaults
  • CLOs: The New Pillars of Stability: Uncover the key factors driving the adoption of CLOs (Collateralized Loan Obligations) in today's market. Learn how CLOs can enhance portfolio stability and reduce overall risk.
Moderator

Nicholas Hoffman

Partner Haynes and Boone, LLP

Nick Hoffman is a partner in the Real Estate Practice Group in the New York office of Haynes and Boone. Nick regularly represents investment banks, commercial banks, and foreign and domestic private equity clients in sophisticated real estate transactions, including structured loans, mezzanine loans, construction financing, preferred equity investments and joint ventures. Nick devotes a significant portion of his practice to capital markets and syndication work in the debt space including note sales, intercreditor arrangements and participations. Nick also has experience with debt restructurings work-outs, and single asset and portfolio acquisitions and dispositions.

Before joining the firm, Nick was a senior executive with the Ruben Companies, a Manhattan based developer, and was involved in all aspects of the management and development of its office and residential portfolio in New York, Washington, D.C. and Boston.

John Randall

Partner PCCP LLC

John Randall joined PCCP in December 2009 and leads East Coast originations for the Firm out of New York. Since joining PCCP, Mr. Randall has originated over 100 equity and debt transactions aggregating in excess of $2 billion including hotel, retail, office, condo, multi-family and industrial investments and including senior debt, mezzanine, preferred equity and joint venture equity.  Prior to PCCP, Mr. Randall spent six years and invested over $1 billion in real estate debt and preferred equity positions within the Real Estate Private Equity group of Lehman Brothers. Prior to Lehman Brothers, Mr. Randall was a Vice President with Deutsche Bank, originating and underwriting mezzanine investments for the DB Real Estate Mezzanine Investment Funds. Mr. Randall's experience also includes work at Daiwa Securities originating and structuring conduit loans for their CMBS group.  Mr. Randall started his career with Arthur Andersen and Jones Lang Wootton where he valued over $1 billion of real estate in the U.S. and Latin America. Mr. Randall has over 25 years of real estate experience and holds a B.A. in Economics from Bowdoin College, magna cum laude, and an M.B.A. from the Wharton School of the University of Pennsylvania.

Stephen R. Quazzo

Co-Founder and CEO Pearlmark

Stephen R. Quazzo is Pearlmark’s Co-Founder, CEO, and Chair of the firm’s Management Committee and the PEP II Investment Committee. From 1991 to 1996, Mr. Quazzo served as President of Equity Institutional Investors, Inc., a subsidiary of investor Sam Zell’s private holding company, Equity Group Investments, Inc. Mr. Quazzo was responsible for raising equity capital and performing various portfolio management services in connection with the firm’s real estate investments, including institutional opportunity funds and public REITs. Prior to joining the Zell organization, Mr. Quazzo was in the Real Estate Department of Goldman, Sachs & Co., where he was a Vice President responsible for the firm’s real estate investment banking activities in the Midwest.

Mr. Quazzo holds undergraduate and MBA degrees from Harvard University, where he has served as a member of the Board of Dean’s Advisors for the business school and as an Alumni Association Director for the college. He is a Trustee of the Urban Land Institute, past Trustee and Chairman of the ULI Foundation, a member of the Pension Real Estate Association, and a licensed real estate broker in Illinois. Mr. Quazzo is a public company director of Marriott Vacations Worldwide (NYSE: VAC) and Phillips Edison & Co. (NASDAQ: PECO). For 22 years (1994-2016), he also served as a director of Starwood Hotels & Resorts (NYSE: HOT), which in 2016 merged with Marriott International (NYSE: MAR). Mr. Quazzo serves on a number of non-profit boards, including: Rush University Medical Center, the Chicago Symphony Orchestra Endowment, the Chicago Parks Foundation, and Deerfield Academy.

Paul Fried

Head of Equity Capital Markets Greystone Co.

2:30 pm - Panel Session: The Mezzanine Multiplier: Amplify Your Returns, Mitigate Your Risk!

Seeking high returns without the equity rollercoaster? This session unlocks the secrets of mezzanine financing. Learn how to multiply your returns with equity-like potential while significantly reducing risk.

  • Equity-like Returns Without Equity Risk: Discover how mezzanine financing can propel your portfolio to new heights by answering the question: can equity-like returns be achieved without bearing equity risk, and what are the sustainability concerns?
  • Mastering the Capital Stack: Learn how capital stack dynamics influence lender behavior in the current market, and what are the implications of lenders chasing high yields.
  • Balancing Risk and Opportunity: Learn how to find the perfect equilibrium between high returns and minimized risk, ensuring your investments thrive in any market.

Philip McAndrews

Chief Strategy Officer RXR

James Fogarty

Managing Director Real Estate Macquarie Asset Management