Apr. 10th, 2008
Contact: Sarah Wuerth Szilagyi at (858) 720-6716FOR IMMEDIATE RELEASE
Eighth Annual Lender Conference, Set for Oct 22-24
SAN DIEGO, Ca - April 2008. Industry statistics show defaults on commercial loans are increasing at an alarming rate. In fact, delinquencies on U.S. commercial mortgage backed securities could as much as triple by the end of 2008, according to data from New York-based Fitch Ratings.
"There are many strategic ways for lenders to mitigate rising losses," says Bill Hoffman, president of Trigild, a nationally recognized authority on non-performing commercial loans. With a focus on maximizing recovery on non-performing commercial loans, Trigild will host its eighth annual Lender Conference October 22-24, 2008 at downtown San Diego's Omni Hotel.
Over the last eight years, The Trigild Lender Conference has generated a buzz within the lending industry and beyond, earning a reputation for addressing the most relevant topics, thought provoking financial insight and networking opportunities for the distressed debt industry.
"Due to the current economic climate, we are predicting record-breaking attendance for this year's event," says Hoffman. "Those interested should mark their calendars and act now to reserve a spot."
The event - designed for lenders, special servicers, hedge funds, bondholders, private equity firms, distressed note buyers, portfolio managers, and in-house counsel - provides vital information focused on specific tactics aimed at maximizing a creditor's recovery on non-performing commercial loans.
Topics on tap so far this year include:
- The current economy and its effects on the non-performing commerical loan industry and current property types
- Updates on trends and implications of recovery tools such as foreclosure, receivership, workouts and bankruptcy
- Avoiding lender liability, dealing with multiple loan participants, and other sticky issues that asset managers must manage
- How to side step land mines when dealing with unfinished construction projects
- Loan recovery 101 session - an enlightening overview on the basics of loan recovery
"Once again, we will offer a panel of topnotch distinguished speakers and a program that is timely, provocative and insightful - offering high-level expertise from industry experts," said Hoffman.
The Omni Hotel is conveniently located in the heart of downtown San Diego. Conference attendees will not only gain an unparalleled insight into the inner workings of dealing with non-performing commercial loans, but will also enjoy the best that San Diego has to offer, with close proximity to the waterfront, the Gaslamp District, restaurants and shops.
The $995 Early Bird registration fee (due before 8/17/07) includes the two-day program with breakfasts, lunch, and two networking receptions. Asset managers are offered a 10% individual discount, and companies sending three or more employees also receive a 10% discount. In addition, the Omni will offer special room rates to early bookers.