Thompson Hine Hosts Briefing on Real Estate Credit Crunch
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More Than 150 Attendees Hear Expert Panel Discuss Current Distressed Asset Issues CLEVELAND--(Business Wire)-- On April 29, Thompson Hine LLP held a teleconference breakfast briefing live in its Atlanta, Cincinnati, Cleveland and Columbus offices to discuss real estate financing conditions. The topics included: * Sources of Financing or Refinancing - Where Is the Money? * Negotiating Loan Modifications or Extensions * Servicers` Tips for Working It Out The briefing was moderated by Thompson Hine partners Linda Striefsky and Marci Schmerler and included an impressive list of panelists from companies including Forest City Enterprises, Developers Diversified Realty Corporation, CWCapital LLC, TriMont Real Estate Advisors and KeyBank Real Estate Capital. Thompson Hine`s Distressed Real Estate Response Team is keeping abreast of the many changes and unique challenges real estate clients are facing in light of the ongoing economic and credit crisis, including lack of liquidity and the effect on commercial mortgages, the capital markets and commercial mortgage backed securities (CMBS). Thompson Hine`s team includes seasoned lawyers experienced in all facets of the unique issues facing borrowers, lenders, credit enhancement providers, investors, issuers, servicers and special servicers of CMBS assets, creditors` committees, landlords, and retailers and other tenants throughout the country. Legal counsel who are experienced with CMBS loans and the rights, duties and other constraints on servicers are a valuable asset to borrowers and other related parties facing refinancing, default or loan extension or restructuring issues. Thompson Hine plans to hold a series of similar panel briefings on related issues periodically. For more information about our Distressed Real Estate Response Team and updates, please go to www.ThompsonHine.com/practices/realestate_distressedresponse.php. About Thompson Hine LLP: Established in 1911, Thompson Hine is a business law firm dedicated to providing superior client service. For the last several years, the firm has been named one of the Best Corporate Law Firms in America (in an annual survey of corporate directors conducted by Corporate Board Member magazine). With 400 lawyers, Thompson Hine serves premier businesses worldwide. The firm has offices in Atlanta, Brussels, Cincinnati, Cleveland, Columbus, Dayton, New York and Washington, D.C. For more information, go to www.ThompsonHine.com. Thompson Hine LLP Nina McCollum, 216-566-7421 Communications Specialist Nina.McCollum@ThompsonHine.com Copyright Business Wire 2009
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