May 22, 2017 Comments Off on Recapping CRE Finance Council’s Summit-West Views: 409 California News, Los Angeles, Top California

Recapping CRE Finance Council’s Summit-West

CREFC’s Commercial Real Estate Finance Summit-West, recently held in Los Angeles, covered a variety of industry, market, economic, investment, legal and government-relations issues. The 260-attendees discussed current industry dynamics, as well as key topics affecting the sector including:

  • High-yield asset and debt investing, including both CMBS and non-CMBS product
  • Approaches to shifting commercial and multifamily property fundamentals
  • Changes in real estate law
  • Ongoing dialogue between young CRE professionals and industry vets on experiences and lessons learned

Key Takeaways from Speakers:

Citigroup Global Markets’ Paul Vanderslice: “Retail exposure has become the new risk retention. That’s what people want to talk about. CMBS issuers don’t want to craft any securitization that has too high a retail exposure.”

Thompson & Knight LLP’s William O’Connor: “There’s been a sea change with the emergence of private equity players in commercial real estate. Increasingly, we see some of the same investors taking equity and debt positions simultaneously, which is a new phenomenon.”

CRE Finance Council’s Lisa Pendergast: “Bank and securitized lending regulations, and more conservative loan underwriting, have fueled the growth in alternative and high-yield lenders. The good news for borrowers: Now ample debt capital is looking for a home.”

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