Please join us as our guest for the next event, a panel discussion, in our Financial Institutions Breakfast Series.
Strategic Loan Sales: Current Trends and Issues
Our panelists will discuss the following topics:
Current market trends
Reasons to sell vs. hold
Anatomy of a bulk sale
The loan sale process (a buyer's perspective)
Other solutions for problem loans
DATE | TIME:
Friday, September 10, 2010 | 7:30 - 9:00 AM
Continental breakfast will be provided.
Polsinelli Shughart PC
700 W. 47th Street, Suite 1000 | Kansas City, MO 64112
Free parking is available in the Polsinelli Shughart garage on Jefferson Street.
HOW TO REGISTER:
RSVP by September 2, 2010 by sending an email to firstname.lastname@example.org. If you have any questions or need additional information, contact Laurie Menendez at 816.572.4456.
ABOUT OUR PANEL:
Martin Reinhold is vice president and chief financial officer of Midwest Asset Acceptance Group. Mr. Reinhold oversees all financial, accounting and operations functions for the Midwest companies, and participates in the evaluation of loans acquired by Midwest. Mr. Reinhold joined Midwest in 1999. Mr. Reinhold is also the president and a director of Alliant Bank - a Missouri community bank.
Justin Lovenduski is the director of underwriting and director of REO Management for Midwest Asset Acceptance Group. Mr. Lovenduski oversees the underwriting process for loan acquisitions, as well as managing the disposition of all REO properties acquired in connection with loan resolution activities. Prior to joining Midwest in 2004, Mr. Lovenduski worked as a commercial attorney in Kansas City and Washington, D.C.
Dave Ellingrud is a director with CarVal Investors. Mr. Ellingrud is responsible for managing investments in commercial and industrial, small business and government receivables portfolios. Prior to joining CVI in 2003, Mr. Ellingrud was a senior business analyst with McKinsey & Company in New York.
Casandra Carpenter, a shareholder with Polsinelli Shughart, focuses her practice on syndicate, bank and securitized lending, preferred equity, debt funds and commercial mortgage servicing. Ms. Carpenter represents various lenders, funds, master servicers and special servicers in transactions involving mezzanine and other subordinate debt financings, loan participations and other co-lender arrangements, whole loan sales, post-closing modifications, and work-outs.
Mike Hickman is a shareholder in the Financial Services department of Polsinelli Shughart. Mr. Hickman has substantial experience in advising clients in connection with the purchase, modification, enforcement and resale of commercial real estate loans. He also regularly represents national commercial loan servicers in a variety of transactions, including modifications, workouts, and assumptions.
ABOUT MIDWEST ASSET ACCEPTANCE GROUP:
Midwest was founded in 1996 and has successfully managed $1 billion in credit intensive assets acquired in more than 100 purchase transactions. Midwest’s management team has more than 75 years combined experience in the banking and loan management business. Midwest’s primary focus is on commercial real estate, commercial and industrial and agricultural credit. In addition, Midwest has developed a specialty managing commercial and industrial loans in the Caribbean market. Midwest is headquartered in Rochester, New York with an additional office in Kansas City, Missouri. Midwest was named as a Rochester New York Top 100 Company in 2005, 2007 and 2008.
ABOUT CARVAL INVESTORS:
CarVal Investors is a leader in managing opportunistic value investments. Founded in 1987 by Cargill, CarVal Investors has quietly acquired more than $33 billion in assets in 3,900 transactions. The firm has been a first mover or early entrant across the globe, having invested in 57 countries. Today, CarVal Investors manages $10 billion in assets. CarVal Investors is an industry-leading manager of investments in credit-intensive assets (loan portfolios), looking beyond the short term to realize long-term value in projects and relationships. Over the last decade, CarVal Investors has managed loan portfolio investments of $7.9 billion in more than 1,300 transactions across 24 countries, including investments in diverse portfolios encompassing commercial and industrial loans, consumer receivables and residential mortgages.
ABOUT POLSINELLI SHUGHART PC:
With more than 500 attorneys, Polsinelli Shughart PC is a national law firm that is a recognized leader in the areas of business litigation, financial services, bankruptcy, real estate, business law, labor and employment, construction, life sciences and health care. Serving corporate, institutional and individual clients regionally, nationally and worldwide, Polsinelli Shughart is known for successfully applying forward-thinking strategies for both straightforward and complex legal matters. The firm can be found online at www.polsinelli.com.
To view a copy of the invitation, click here.